Finance What is the best way to fund a business?

[Richee84]

It's most believed by people that business is better funded with personal savings, grants or freewheel donation by friends and family than collecting loan from financial institutions. There are different side to this argument. It is very good to fund a business with grants or personal savings loan as this will reduce unnecessarily pressure on the owner of the business but this may also bring about laziness on the owners part since there is no pressure on him to meet any target. Many people have be given money freely to fund a business but they end up missmanage the fund since it's a free fund to them. Loan indeed might not be a good way to fund a business but it alway help to put business owners on their toes to manage the business well and perform very well. Funding a business with loan to me is a win win situation for both parties as the business owner strives so hard to repay back the loan which he collected and to also improve his/her business.

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[Augusta]

Yeah everything whether good or bad have two sides and I always say go for the one that is good for you. This is a good perspective too when it comes to getting loan to fund a business. it will be a kind of motivating force to keep striving since you need to pay back

 

[sincerem]

Its never easy to come up with fundraising to establish our business. At times family helps fund our career choice business based on the family financial status. If one that comes from an average home or rich home without finance of his or her own, the parents can help fund it provided the reasons for the business is genuine. That's an alternative way of raiding funds for our business start up.

 

[Sherman198]

Business is very good this days, as it can make you financially independent. However, to set up a business to a normal standard can take much work....Funding a business have so many ways, it can be through loan from firm or bank. Or funding from friends etc.....

 

[Setho]

I always try to see funding of business into two ways that is for small business and for big businesses. What is your business the best thing to do is to go into a partnership or to seek for government grants and family Grant. If you want to go into the large business then you should consider getting low interest loans from banks and financial institutions that you trust.