i think it would be about ones savings. Using your money to start a business is the best bet. but if not, you can use your support from friends and family.
I have never taken loan for a business startup or funding but at the moment I am trying to develop funds for my personal business. I just got another job that would help me do this though.
I plan to establish an offline business this year or next, and the initial funding will come from my savings. I do not want to take out a loan because it is not recommended for beginners, in my opinion.
That sounds super awesome because using your savings instead of loans keeps things simpler without the added pressure of repayments.
Keep a close eye on your budget, and, most importantly, enjoy the process of building something from the ground up.
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