In a business, capital is inevitable! Regardless of what people say about it, still capital is a must, especially when you want to expand your business to higher level! Unfortunately, many people don’t know how to get capital for their business. Well, what about you? Do you just sit back and wait for miracle? It’s not a good move though because if you want to be successful businessman, you have to be proactive and find a way.
Here are some ways that you can do to collect some capital for your business:
1. Bank Loan
This is the most common one. Bank is a financial institution who’d love to lend you money for your business. But before they lend you their money, they need to look at your portfolio or your financial report. I think it’s fair because Bank want to make sure that you’re able to pay their money back!
Here is a dirty secret if you want to use Bank loan: To increase your success rate in lending money from the Bank, apply your loan to several bank at the same time. And if it is possible, gather them in the same time! Therefore, there will be competition between several bank to lend you that money. Who know they will give you lower interest rate to win the competition. It’s fun, isn’t it?
2. Challenge your luck!
Ever heard about online slot tournaments? It’s a tournament where all you need to do is play the slot machine and get as high credit as possible! The best thing about online slot tournaments is it depends on your luck. With low initial investment, you can win over thousand dollar. I think it worth to try! J