Be your own boss

Be your own boss

The way you provide money for your startups depends on how much you are able to invest, not only the money, but also your time. It also can depend on what kind of startups you want to finance. But first of all, it’s important to make a special plan and program. You need to make sure that on your plan you have everything to start your own business, so try not to miss any detail, because it can harm you later. Your own business has many advantages, such as that you will be "your own boss". You will be able to determine for yourself how much you will work on a daily basis, and the most important thing is that you will most probably do the job you love. Then what is the best solution for getting money to start it?

Additional income sources?

In some countries it is possible to get money for some small business from abroad, but without protection and with some good ideas that must be applicable in that foreign country. They won’t give you the money; they will just invest in your idea so that they can earn the money on it too.

Money from your country?

The best option is to start a business from your own budget or in countries where it is possible to take a loan without interest from the state. Activities related to some intellectual and health services, construction and crafts, which prevail in that country, have priority when it comes to money. That’s why you need to keep in mind that the money won’t be equal for each job and you may not get it unless you are unemployed!

Bank loans?

There are also those who are looking for a loan from the bank, but then they are at risk of getting into a "bank slave" position, and in some cases you need to already have good job. So, before you go to the bank, ask if the state can provide you with any initial capital.

Money borrowed from friends/relatives?

Why is money borrowed from good friends or relatives a good idea? It’s simply because in many cases you don’t need to worry about interest or the time when you need to give the money back. If you really don’t have money, it would be best to borrow it from a family member or a best friend because it is easier for you and for that person. It is more likely that you will not be psychologically burdensome much because you have to repay the money at a specific time with a certain interest.

Your own savings?

As I said before, the best option is to use money that you saved. You can be sure that you don’t need to owe money to someone or pay extra money as the interest. I mentioned before that you need the plan, so just put "saving" to be the first on your plan list. Maybe you will need more time, but be patient and you'll see later that it will be worth of your patience.