How You Can Be an Entrepreneur With No Initial Cash
There are many business owners that you would find operating their business today. If you ask them many of them would answer that they like being their own boss which is why they got into business. With a business of their own they get to set their own path and call the shots. They dont need to submit to any boss which means they can do whatever they want to do in their business.
It could be that you are also longing to be able to get out of the rat race and command your own future by having a business of your own. It is a fact that most businesses would require start-up capital in order to be started but there are things that you can do to be able to start a business even with no cash. Below you will find out a few things on how to go about it.
Pick a Business That Requires Zero to Little Cash Only
If you are willing to search hard for it you can a lot of example of businesses that dont require money or just a few money only. You will find some of these business ideas below.
*Door to door car washing
2. Borrow Start-up Money From Family and Friends
Now another thing that you can do if your business idea requires money is to get an investor among your family and friends. Of course not everyone likes this idea. 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. You just need to prove to them that you will really take good care of that start-up capita that they lent you.
3. Look For Commercial Loans
Now if you are uncomfortable about the idea of turning your family and friends into investors then you need to search for commercial loans. When one talks of commercial loans there are many that you can choose from. If you want to know about a few sources of commercial loans then you can read further.
Banks and Credit Unions
There are many who choose to get commercial loans from these institutions. 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
Among the things that one can do now online one of those is getting a loan. There are companies online that give loans to people.
Peer to Peer Lending
These are the loans that are garnered from the money of everyday people.