How can you expand a business without sourcing for external funding?

[King Belieal]

The dream of every entrepreneur is to see their businesses expand and grow to a bigger level. And that always requires money. Most times, the business takes loans for expansion purposes.

How can a business expand without any need for external funding?

 

[Fidelia]

It would take a slow building process for you to be able to expand your business without sourcing for funds externally. You would have to save your profits to accumulate.

 

[Springtime]

To expand without external funding, you have to make an effort to increase sales and profit.

 

[Xtynehappy]

Unless the business makes good profits and use the money for the business expansion otherwise that is not possible without external funding like borrowing and sort like things.

 

[King Belieal]

I think it just takes a deliberate decision to save your profits. That is where delayed gratification comes in

 

[Xtynehappy]

I think that the business managers can do that through spending the business money and look for the profits to cover the spent money.

 

[Augusta]

Two ways save up your profit and reinvest into the business. Build yourself as a credit worthy person and go for credit purchases

 

[Stardom22]

It's pretty hard for the business to grow in sustainability without the taking of loans or seeking external funding. Unless entrepreneurs get some grants for that purposes

 

[eLdavis]

In a situation where you do not want to take external funding to expand, you can save up some of your earnings for the expansion, though this might take some time.

 

[Kross]

In a situation where you do not want to take external funding to expand, you can save up some of your earnings for the expansion, though this might take some time.

It is better you spend the time and raise your funds by yourself and expand your business. Don't ever think of getting a loan for business expansion.

 

[Augusta]

It is better you spend the time and raise your funds by yourself and expand your business. Don't ever think of getting a loan for business expansion.

I agree with you, loans sometimes is not a good fit for everyone. you might find yourself in more debt. Grow your money within you