How to Be a Businessman Even With No Cash
There are millions of people who can be classified today in the country as small business owners. A lot of them choose this route because they like the freedom that comes to having ones own business. Having their own business means that they are the one calling the shots in their business. They dont have a boss to submit to that is why they enjoy full freedom in the conduct of their business.
Now maybe you are dreaming of joining the ranks of the small business owners yourself but you think you cannot do it because you dont have cash to start with. It is common knowledge that when you start a business you often need a lot of money to begin with but you can still start one even if you have no cash in hand. Below are some suggestions that you can take on how to start one with no money.
1. Choose a Business That Doesnt Require Cash or Requires Low Cash Only
If you would search you would find many business ideas out there that has zero or very little start-up cost. Below are a few examples of those.
*Door to door car washing
Get Investment Money From Friends and Family
Another thing that you can opt to do if you really believe in your business and you need money to get it rolling is to ask of it from your friends and family. Now this idea is not for everyone. If your family and friends believe in your business idea as well and you have shown them a detailed plan on how you will make it successful then you may get money from them. Now in order for you not to mar your relationship with them you have to show them that it was worth it to give you investment money for your business idea.
3. Look For Commercial Loans
Now if you dont want to bother your friends or family for investment money then the next thing that you would have to do is to take out commercial loans for your business. When one is speaking of commercial loans there are actually many sources in which one get one. If you read further you will find some examples of commercial loans.
Banks and Credit Unions
This is usually the choice of many people when it comes to commercial loans. If you want this option then you need to research about their interest rates to see which one is the most favorable for you.
Online Commercial Lenders
There is no doubt that a lot of things can be done now online and one of these things is getting a loan. There are companies online that give loans to people.
Peer to Peer Lending
These are loans from everyday people who have pooled their money together to be able to give out loans.