Starting a business is what every Entrepreneur (a person who sets up business) is a dream.Well, many of them think how these entrepreneurs, policymaker how these business owners get money to expand its Business. There are seven important points about small Business Financing.First, Majority of the small employers with about 51 percent needing money to expand their Businesses either their own or family members.Second, Business profit and assets are important sources to expand at about 29 percent of the total use this source of expansion while financing.
Third, Bank is an important source of expansion capital for small businesses just one-third
Third, Bank is an important source of expansion capital for small businesses just one-third of the small business owners reports using a bank loan to expand its own Business.Fourth, Credit card both Personal and business are a common source to expand a small business, with one-fourth of the small employers need funds for obtaining at least some of its source.
Fifth, about 12 percent of the small business owners report using the equity in their homes to finance small business expansion. Sixth, Loans from the government or Government guaranteed loans, such as SBA loans. According to the data less than 3 percent of the businesses needing expansion capital to get money from the source.
So, to get the money, first of all, get to know what product trend going on. Secondly, how can easily or can say the transportation charge will be very less to get it to you. Another thing, at what price you are going to sell. Be sure the price will be very cheap so that anyone can buy it. Do not forget to label price tag on it.
Start a business with a very few amount, instead if you face loss or business would be unsuccessful then there will not so much loss either. Ya, you will get less profit but it will boost your confidence like okay, this way I can do it. Then move ahead add amount much more than previous time. Add products too.
This will be step by step process. Despite earning money you will also have to take care how much profit you are getting. Nowadays publicity of the product is or in any Business setup is the second and foremost thing to do. You cannot say publicly but at least via sharing in different social sites also publish can be done.