Topic: Why is it difficult for people to get capital easily? - page 6. (Read 1090 times)

  Generating capital for a business seems a lot more difficult than it seems, sometimes we feel it's something we can generate within a stipulated time but then we end up realizing that it'll take a long while.  There are times where we'd have to join our savings together to raise up something meaningful, this would mean that we'd have to work for a particular period of time and yes it may take a long time because I'm the process of savings, unforeseen circumstances may arise and we'd have to fix them up.
   So in essence, generating capital is difficult and for me, I can't think of any better solution asides getting funds from loved ones buh in a situation where that'd not be possible, then one just has to be dedicated in his job and savings, there and then, multiple working doors can be opened to expand the earnings too.

OP if you don't have a good paying job you can't raise any money to start your business or investment. In my country there are good paying job opportunities Buit it is only available for those who have connections, perhaps maybe a friend, relative or someone close who will introduce to the job before they can accept you.  Other lower jobs are there but it will take you long before you can save up enough money to start business. This is because the monthly income is not even enough to pay your bills entirely and still have left to save. Especially when you have a lot of responsibilities on your shoulders. If you insist and want, so try to save up even with the little you earn it will take you years to raise good capital and by then the amount you are supposed to use in starting the business that year would be twice in the year you managed to save some.

You have to do other things than you usually do, for example if you work and your salary can only cover your needs, then you have to do other things to get extra money which you can later use for investment or opening your own business.

I find a job that suitable to my career and I excel on my work that’s why I get an early promotion that gives me higher salary. I change company often times to increase my salary since I go to my enemy company that offers me position with higher pay grade. I also do financial management on insurance companies as side hustle which I recruit most of my coworkers as client for life insurance that gives me huge profit.

I work smart and hard at the same time to get what I have right now. I’m so blessed that I don’t have problem with my family like yours but we are not rich either. I believe the secret is to aim for a higher pay grade salary by excelling to your job for a chance for promotion or better offer from other companies. Don’t stick to a single company that doesn’t value your work equivalently.

That's right. Borrowing money from the bank is a bad thing if we don't have experience in business so we're afraid we won't be able to pay the money back, especially since the interest will be high. So it's not surprising that many people find it difficult to build a business because they are constrained by capital.

But in my opinion, the stigma of large capital is for people whose average expectations are very high and then end up with prestige. Until now, I continue to try whatever business I undertake, I keep losing but I remain confident.

Currently I am running a business in the online sales sector with a dropship system and a freelance editor. This is without having to use large capital. because this is my passion, so I don't really care about business mechanisms. how to become better known, trusted and have definite project goals.

Well that's the first point that should be a person's concern, nowadays in my opinion in terms of capital may not be too difficult to find because of course anyone who wants to start a business but does not have capital, there are already many agents who provide loan services or maybe you can even borrow from one of your friends. But the main problem is whether you are very sure about the business idea that you are going to run? don't let you regret it in the end, because of course the business competition today is very tight and with that it is clear that you have to prepare a lot of preparation carefully before finally jumping in to start.

One of the things that must be prepared is good planning, good management, business targets, make sure you have done research beforehand about your business idea and also you need time to do some careful consideration. That's one of the basic things that must be owned by everyone who will start building a business. And also yes it is true, if indeed we are still quite new in the field of business then obviously you should not think of entrusting the business that you have built to others, because of course only you yourself know about what should be done for the best in your business, and also on the other hand you can get a lot of learning while running the business, someone will be able to develop when they have experienced some problems in the business they are running, because with that then you will know what to do for something better.
     

You have made the post so long that you can simply ask how anyone gets capital to start their own business. It is true that if a person is earning by working somewhere, he also has financial responsibilities like household and own expenses. However, there can be different ways to get capital. If one does not have cash, he can start any business by selling his assets, for example, land, gold, shop or anything else.

If one does not have these things then he will have to accumulate capital through saving in his job and can also save through another part-time job. You can also take a loan from the bank to start a business. Most people who have capital problems start a business on a small scale and then expand their business as they become profitable over time. It is not necessary to get a big capital from the beginning, and start a good business, but through your hard work you can make a small business big.

Trying to find capital with empty hands seems like a dream only. Basically those who are middle class have no freedom in any aspect. You are trying your best to reach your goals. You have worked in many companies and gained a lot of experience, maybe inspired to start your own business. The truth is there is no easy way to get capital in starting a business if you are empty handed. If you can't afford capital, you need to save. One thing I can suggest you, as you are a graduate you can start a small own educational institution from where you can earn and save. Within two years you can earn a good amount from here. Such institutional needs are greater in middle-income countries. Capital is not easy to acquire but you have to keep trying through different means.

It is true that there is no harm in taking out a loan for business capital that we are going to build, but we must have a business that can run well so that we can pay off the capital loan debt that we have lent, because if we cannot repay the capital loan that we have lent, there will certainly be problems with the business we run.

If we are new to running a business, it would be better for us to manage the financial management of the business we run ourselves, because if we entrust it to other people, it is very likely that we will not understand the business we are running and we will not be able to know about the profits from the business we are running.

Indeed, in building a business in various countries you definitely have the opportunity to survive, Sometimes building a business is not easy, sometimes there are ups and downs in building a business, Your role is actually good in thinking about your future where if you no longer work at the company, how else will you have to earn money.

If we have difficulties there is no one to help us, Even your siblings avoid you, sometimes it makes us sad, You can just borrow from the bank but you know that the bank has interest to pay, If we are just starting out, don't borrow it because we don't have experience in business.

Keep fighting, friend, keep saving from your work income. If someone borrows money from you, just say there isn't any. Indeed, achieving success is not easy, patience is the key to success. I am sure you will be able to get through the current difficult times.

It is not really recommended to take a loan especially if you can't afford to pay up for the loans in case the business does not work. Due to reason as you said, that it would just worsen your situation if your plan doesn't work. I actually agree that it would be better to borrow a money for partial portion that way it wouldn't hurt to pay up for years with high interest included.

It is really better to run your own business cause it would be a problem to run a business with someone, especially if they don't see success without you. That's why it would literally take time to build a business from the start, you can gather knowledge and information by simply attending seminars, online, or even from the book. You might have the capital to start but the knowledge is not enough, even if you hire someone who's knowledgeable in the end they would take the credit for your business.

Yes, I joined signature campaign few weeks ago, but I don't think I can get capital from that signature campaign will reach me to start a good business because, the amount of money they are paying in that signature campaign is too small compare the type of business I have in mind, and whenever am expecting capital too start a business is then my siblings will be calling for help and, I don't have that mind that will make me not to respond to them because I don't want them to look for help in a wrong way.

 I have started reading legendary post and other books that related to Bitcoin, I have that confident that some day I will get there to become a legendary to over come this problem that is affecting me not to get a good capital.

Absolutely true.... we should be willing to start with a small salary, as long as our minds keep growing while working. never limit yourself to one field if there's no opportunity for growth. IMO, it's better to focus on your goals in that job.

When you're trying to save up some initial capital, be frugal and keep looking for high-paying job opportunities. If you can't find one, make sure to look for side jobs. Go for any side hustle that brings in money... even if it leaves you tired every day, it's the trigger to get the capital you want.

I have a main job that serves as my primary income. I always divide it into several parts until I find the right portion to allocate as investment capital, while my side job is used for investments.

My capital isn't substantial right now because I'm still building from the ground up and don't have a lot of money to brag about. I'm enjoying the process, though.

Honestly this is true, It's hard to save money especially if you're in a low income earners because you have to budget it carefully for all essentials and necessities in daily life that's why Even if we really want to start a business or save for a capital, we can't. In this time, you really need to have a high income so that you will have extra money for savings, investments and other things because if not, you'll stuck in being survival mode in life, living pay check to pay check.

You are 100% right, OP thinks if he/she will start a business she can become financially independent, maybe she have some unique business in her mind like she mentioned to invest some money in the business first then she will invest in BTC from the profit made from the business. And after investing in BTC she will become financially independent. To me plan is good because as she said she is already working in different platform (I don't know what that means because that's too difficult for one to work at different platform all at once, even that's online or on day or night shift) anyway, coming back to the investment plan, she is doing great as after starting his own business she will become independent of boss and can plan his schedule according to her needs.

And once she starts to make a profit out of that business, she can invest in BTC and become more independent financially as she is not saving her funds in banks or any other insurance base centralized platform instead she knows the potential of BTC and know that she can make more in BTC. We all have given the same advice to those who wish to invest without having a job or business which was to get a job or a business first then invest in BTC. Life becomes more easier.

You are right, but in my opinion, starting a business by borrowing money becomes more difficult and risky because the money is not ours as banks don't give collateral free loan or they do for businesses. As I am not aware of the loan thing that's why I asked or mentioned that taking loan is way more risker than starting business with self money.

Yes, I think everyone's story of collecting capital to start a business is not the same, and has a hard struggle, except for those who were born into rich families. Personally, I myself also collected capital with great difficulty. In fact, I have to raise capital at the same time as meeting my family's living needs, because my family has several debts and I have to pay them. However, I started all of that on the internet, especially crypto. This helped me collect capital little by little to build the businesses that I am thinking about and running now. However, it still continues today. raising capital is not an easy thing.

Earning capital and starting a big business that never comes to an end is a difficult task and at this stage I think impossible. People always thinking of starting a huge business but they have no capital for it and they start struggling, but they don't realize that their life is gone during the struggle. They do hard work but if there are smart work then why they don't use their mind?

The best solution to your question is that stop making hard work for capital to start a huge business instead of investing the capital that you already have in different sections like bitcoin, in partnership and other things. After 2 or 3 years you will collect a handsome amount and then start a small-scale business which does require small capital and is more generative. With time, your business will grow and also your revenue and you will take benefits from time to time. I think this is the best way and if you realize that the business you started is not good or you don't like it then sell your whole business and then you will be in a position to start a huge business.

I prefer to start small without borrowing money. It won't be a burden on me because I'm working with my own money and don't have to pay the money back later.
The problem is finding a business idea that suits the capital I have because there needs to be adjustments between everything so that it can run well.
And if everything is right, I need to work hard and smart so I can grow my business even bigger.
It may take time and that's what we have to do when running a business. No business can become big and strong overnight and we have to realize that.
By starting a business, we can see the potential of the business and what we need to improve so that it can develop even better.

For capital, in terms of borrowing, if there are no other opportunities, I think just do it, but with the caveat that we have reviewed the potential level of return and progress after the business is started. Indeed, nowadays it is difficult to find people who can be trusted, especially in managing an honest business.

The initial control for the first year must be carried out by us as the owner and if everything is established then we can make the transition when we have found a candidate.

I don't suggest going for a full loan when you're planning to start a business from scratch, because it will have a double negative effect ones it fails. I'd always suggest for a loan for a partial portion to start your business outside from your personal savings. That way, you won't get to have a long term credit payment with huge interests.
Also, It's not a good idea if you let others run your business, it's either you'll fail your business or let your partner become successful first before you, because he knows your business model more than you do.
Starting business from scratch is a lot harder than saving for a capital, since business demands more of your time than working for the other company.