Last Updated on Wednesday, 18 August 2010 16:42

Business and Career - Small Business

User Rating: / 34
PoorBest 

7 Sources of Capital or the Fund for Business
90% of the Rich people in the world is from Business. Just imitate the way we live - the way they do business, in fact most of them actually start the business was with the capital of Zero or knee. And I was one person who has been practicing as an entrepreneur and successful.

When an existing business and gaining income but still in small business level, then we need to increase the turnover of income with a variety of ways. One of the ways is make your business larger, open branches and multiply the branches.

To enlarge the business, did not escape with it or our financial condition. But do not worry, here, I will discuss there are seven sources of capital or funds to operate our business, namely:

1. Own funds. Fulltext: Spending Savings, Deposits, Sell your valuables (electronics, jewelry, etc.)
2. IMF (Wife - in law - Family). There are not many requirements, not burdened with high interest rates, flexible durations.
3. Non-Formal Institutions. For example, borrow money/loan from a regular social gathering.
4. Partnership

Partnering Suppliers premises: example. Buy goods from suppliers and make payments in the future.
Partnering premises Investors: an example. We cooperate with people who have the capital (investors) but they can not the business. In other words: we have the knowledge, he's got the funds.

5. Pawn institutions. Pawned valuables are very quick process of less than 15 minutes.
6. Non-Bank institution. Example, borrow from the Savings and Loan Cooperatives, Microfinance Institutions (MFIs), does not require collateral, the loan amount can be negotiated.
7. BANK. Relatively safe, the loan amount can be large and unlimited, but here are the requirements and procedures are very strict.

From the seven sources, which I often use is the number-seven that is from the BANK. I can buy a lot of Money Property Without being able to cash the money from the bank. Special Business Strategy is required in running a business property with no money, because this is actually the use of money that banks use the money.