Conviction and good business plan are the most valuable assets a business owner can have. If you believe that you have game-changing business ideas then you can risk leveraging your personal assets.
To be truthful, it depends upon what kind of business activity you are into and how much financial risk appetite you have. Only if someone has financial assets he can invest the money using self-funding, besides if your business activity is too big chances are that self-funding will not be a viable option for you.
Identify Angel Investors
Some people with huge surplus cash can risk lending money to business owners on certain terms and conditions. You can present a business plan transparently to your investors with appropriate valuations and costs involved with the project to convince them to invest in your business.
The only drawback of angel investment is that these investors may want to take an active part in policy-making decisions in your business and disagreement with them lead to disputes which could affect the interests of your business in terms of management and work culture issues.
A small business loan could help you out if you are looking forward to a more liberal and personalised approach to your business. By availing this loan, you can benefit as the deduction on your profits reflected in the form of the interest payments on your business loan also can lead to a deduction in your taxes.
Availing a small-scale business loan is the feasible option to fund your business requirements. Nowadays NBFC’s like Bajaj finserv offer low interest rates of business loan and convenient repayment options.
“Made in India” campaign has laid the foundation for hassle-free administrative procedures required to get the licenses and permissions for setting up the small businesses. This overall development in governmental policies and measures to aid small businesses in terms of creating a healthy environment has created a conducive atmosphere for the small businesses to flourish. Be a part of this revolution.