How You Can Be an Entrepreneur With No Initial 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. With a business of their own they get to set their own path and call the shots. 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 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. You can read further to find out what these things are.
Pick a Business That Requires Zero to Little Cash Only
If you would search you would find many business ideas out there that has zero or very little start-up cost. You will find some of these business ideas below.
*Door to door car washing
2. Borrow Start-up Money From Family and Friends
Another way to get business funds is to pitch your business idea to family and friends and have them invest in it. Of course not everyone likes this idea. If you have pure intentions about it and you promise that you will give your best so that the business will succeed your loved ones may be willing to give you your initial investment for it. But you have to use well the seed funding that they are willing to give to you so that your relationship with them will not turn sour.
Search 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 is speaking of commercial loans there are actually many sources in which one get one. If you want to know about a few sources of commercial loans then you can read further.
Banks and Credit Unions
This is usually the choice of many people when it comes to commercial loans. If you are going this route then you need to know about the interest rates that they charge and make a comparison of them.
2. Online Commercial Lenders
There are many things that you can do on the internet today and one of those is to take out a loan. You can find these online companies that give out loans.
3. Peer to Peer Lending
Such loans are not from an institution but from the gathered money of everyday people.