Starting a business



  • reformasreformas Posts: 1subscriber
    I think nowadays you can start a business without any loan, not even investment at all. Well, in fact the only investment you need to do is "time", which in fact is somehow money... but at least you avoid the loan part. Any website with enough traffic and users can generate revenue, as the one I recently created offering contact information to customers while offering SEO services and digital visibility to companies.
  • PinhaselzPinhaselz Posts: 0subscriber
    Hi everyone,
    About the subject of starting a new business, to my knowledge, you have to consider different facts and respect some requirement.

    First at all, even if your idea is extraordinary, you should know if your ideal is viable. You can observe that by experimanting researches and survey on a groupe of representative people.

    Seconde at all, you have to find a strong name which will represent your business in front of all customers. A strong name force the respect !

    Third at all, Many business failed because they haven't enough money, that's why you are bound to invest enough money for the launching and the running capital. You can lend a loan, expose your idea to business angel, or raise money by crownfunding.

    And i think the most important thing when you set up a business is the timing. You have to decide with your partners a schedule of all step and how long it will take for each.

    In this context of after crisis, the market is still weak, and a lot of business fail, that's why it's very important to be strict and carrefully on different step.

    Good luck for it
  • JonnyWJonnyW Posts: 4subscriber
    You should build a financial model and projections to get funding from an investor. Here is an easy course to learn how:
  • webbrowanwebbrowan Posts: 0subscriber
    Taking a loan is definitely easy but to maintain monthly payments without fail could be tough for some debtors. That is why prior detailed financial planning and calculation are important to ensure you only take up a loan amount that you are comfortable with to service until the end of the tenure period.
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