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Other alternatives in financing a business, other than committing to your own funds.
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[QUOTE="Flow-er, post: 242632, member: 71012"] It is very necessary sometimes to get loans if you don't have enough capital to establish a business. This is important because loans will help you stay afloat whenever you don't have a capital to realise your dreams. Capital is a very important part of the business even if you're having a good business plan and you don't have a capital to actualize it, then it is as good as a failed plan. The most important thing to take note of before taking loans is to actually look at the ways at which will make the payment. This is very important because you must look for ways to pay back and if you don't have additional sources to make payment, it's better not to take the loan at all because it could be detrimental and could lead to the fall of your business. If you know that you do not have the source to the pay back loan, it is better that you take another way instead of a loan. The alternative that I have is through crowdfunding. You could do crowdfunding by soliciting for help from friends and family that believed in your project and this is even better than taking loans. [/QUOTE]
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Other alternatives in financing a business, other than committing to your own funds.
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