dulichbinhhung.xyz – When in need of additional capital for a business, many people choose the path of applying for a loan from a bank. Apart from being fast, the ceiling provided by the bank is quite large. But you must know, borrowing means debt. You have an obligation to pay the installments every month until it is paid off.
It’s not just the principal installments, it also includes the interest. Likewise, if you are in arrears, even a default occurs or you are unable to pay off your debt. Get ready, being chased by debt collectors and valuables will be confiscated by the bank. Borrowing from a bank is indeed the most effective solution for those of you who need large amounts of money. But actually there are ways that you can get fresh funds for additional business capital without needing to borrow money from the bank.
1. Sell unused items
Used goods or unused goods often make you dizzy. Besides having to be cleaned and tidied up, these used items also take up a lot of space at home, such as in bedrooms, living rooms, warehouses, and other rooms. Trouble right?
If you still use these items, it’s not a problem. The problem is when they are no longer used, and these items just become useless piles. Even though it could be that your goods are actually needed by other people.
Instead of being allowed to accumulate dust, damaged due to wear and tear, it is better for the used goods to be sold. The condition is that it is still suitable for use. Not bad, besides reducing unused items, you can also get money for additional capital. Now selling used goods is no longer a hassle, because there are online buying and selling sites or marketplaces. Just take a photo of the item, upload it online, give a description and price. Already selling online.
2. Pawn valuables
A quick solution to get additional capital without needing to owe money to the bank is pawning goods. If you have valuables, don’t be afraid to pawn them. After all, this is to finance activities that are productive in nature, not consumptive. If you benefit from your business or business, valuables can be redeemed again.
Pawn goods, such as motorbike or car , gold jewelry or bars, electronic equipment, even land or house certificates if the capital requirement is large enough. But remember, pawning goods at an official pawnshop, don’t be careless because currently there are lots of illegal pawnshops.
3. Find investors
Nowadays how come you can get disbursement of funds without having to apply for credit to the bank. The trick is to find investors. Of course, if you want to be injected with investor capital, the business or business you are running must have a clear direction. Have a vision, mission, interesting concept, and promising prospects. Even if necessary, the business is different from the others.
Most importantly, be able to convince investors that the business you are starting can provide maximum benefits. In this case, you should be diligent in going to events where investors congregate. You can also invite the people closest to you or your acquaintances to become investors. Take a personal approach so that they are impressed with you and the business you are running.
4. Save and save or invest
If you don’t have assets, used goods cannot be sold, investors are hard to approach, your last resort is to live frugally. Then you set aside the saving money to save or invest. If the money is deposited in savings, the interest is small. Most only about 5-6 percent per year. But if you invest, it can double digits per year.
It depends on the choice of your investment portfolio. For example, a rough calculation, if you save Rp. 1 million every month for 5 years (60 months). The savings interest rate is 6 percent per year or 0.5 percent per month.
So the money collected is around 60 million (principal savings) and the profit from interest of 300,000 is 60.3 million. If invested for example in stock mutual funds. The yield or return is around 15-20 percent per year. Assume 20 percent per year or 1.7 percent per month). This means that the principal investment is 60 million, a return of . 1.02 million. The total is 61.02 million. But what’s called saving or investing, you have to be patient. Can not be instant in obtaining profits.
Must be long term for maximum results. If You Can Use Your Own Money, Why Do You Have Debt Looking for venture capital also has to be creative. Don’t just stick it in the bank. If you can get additional capital from your own money, why owe. It’s better to use your own money. No financial burden. If the business is profitable, it will not be cut off to pay debts. Even if the business is losing money, it’s safe because you don’t have bank debt. Live quietly, and sleep well without debt.