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Funding a business
Why do businesses need capital?
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[QUOTE="Yhubee, post: 220344, member: 69704"] Capital is an important factor of production for a business. Almost all if not all businesses require capital for a start up, most especially monetary capital. I do not think that a business can be started without a capital, things need to be put in place for a business startup, from finding a good location, which may require payment of rent or total purchase of the property, then the purchase of goods to be sold or requirements for services to be rendered. Another thing is the source for the capital. Some people have very nice business ideas and have drawn very good plans concerning their dream business but the problem lies in the source for capital. Most people come to realise their savings is not enough to fund their business and to they resort to lending from friends and family or receiving a loan from the bank. Personally, I am not a fan of receiving loans from banks and so I will make sure I save up enough money that will help me start my business and keep funding the business. When I am sure that I have enough money from my savings, I can then venture into my own business. [/QUOTE]
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Funding a business
Why do businesses need capital?
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