Nowadays, more and more youngsters are more likely to involve in business rather than to be employed in a company. It’s easy to say why. Being businessman gives them more freedom in expressing their creativity. Unfortunately this big desire to create a business is often hampered by financial problems. Oftentimes, their fantastic ideas for making a business only end up as a plan.
Those of you who come up with stunning business ideas but are hindered behind small capital number, these are 3 ways you can do to establish your business:
- Invest
Invest from the beginning, for example, invest your money through Money Market Mutual Funds for short term, long-term equity funds with high returns, deposits, and others. Once it is enough, you can use the money as the initial capital to start your business.
- Collaborate
If you already have great ideas, good concepts and careful planning, look for partners who share the same vision and mission on building a business. When you are already in the same page, arrange agreements starting from business capital, division of tasks, share of profit so that there is no misunderstanding in the middle of the ride.
- Bank Loan
Apply for credit loans for businesses to banks. For example, DBS has a program that can help you get business capital, namely the Financing or Business Loan Program. The program provides financing and loan solutions that adapt to your business needs. You can enjoy more flexibility by asking fast funding loan. Want to know more about DBS Financing/Business Loans? Simply click here.
That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?