Do you really save for your dream business?

[Stardom22]

I have heard so many people in my vicinity claiming that they should go for the loans to start the dream businesses. So what do you say?

 

[Augusta]

Yes, Saving for a dream business is crucial because it provides a financial cushion, allowing for flexibility and resilience during the business's initial stages and beyond.

 

[Fidelia]

I would always advise that one should save to raise business capital rather than take a loan. It is so to sit take a loan as business capital.

 

[Augusta]

We can save if we negotiate better deals with suppliers, landlords, or service providers. Shop around: Compare prices and look for discounts when making purchases.

 

[Springtime]

It is too risky to take out a loan to start a business. If your business fails, you will not be able to repay the loan. Before starting a business, make sure you have enough funds to operate the business. This can be achieved through savings and investments.

 

[freelancermaria]

It is best to save money for your dream business rather than taking out a loan. Starting a business with a loan can be risky. What happens if your business fails while you still have a substantial loan to repay? Where will you find the funds to pay it off?

 

[eLdavis]

Saving for your dream business is usually one of the best options out there, though it might take time but it gives you something to look forward to.

 

[King Belieal]

I actually saved some part of the capital that I used to start my dream business. But it is not easy to be patient and save for years to raise business capital.

 

[Tray59]

The current business which am operating now it took me almost a year to save for it I do my savings through third party and at the end of the year my dream business become reality because I save heavyly for it

 

[Augusta]

Allocate a specific amount of cash for each expense category and stick to it.