Personal Financial Planning Concepts

Business, whatever the form is, need a financial capital. The problem appears when we have a great idea about potential business, but have no money for the startup. One alternative for solving this problem is getting business loan.

Capital Loan
There are some types of loan: business loan, unsecured loans, leasing, cooperation and partnership from government’s corporate. In business loan, customer need to learn about this product before apply because some banks is differ each other in the regulation and depends on the business wanted. It is recommended to look for the loan with low interest and supporting home industry.  Unsecured loan mostly used for consumption need and the loan isn’t as much as business loan. Leasing is a finance given by financial institution in the form of company asset, not in the form of money. Cooperation is an organization that gives loan only for the member. So we need to register before can use the credit, and the basic ideology of cooperation organization is affinity between all members in cooperation. The last type is from government’s corporate. The corporate has partnership fund, which is part of the profit to give loan to small scale entrepreneur.
Loan Options
There are many choices of loans, so if you want to startup your business, you need to find out and compare the program and regulations from each institution before decide to take a loan.

Running your own business can be very challenging and exciting as well. It is no longer a time where you should obey all the company rules made by your boss because you are now the boss of your own. If you decide to have employees, then you will be the boss for them and you should be the best boss where you can manage your business well, as well as you maintain your relationship with employees.

Start up Business Finance
Before starting up your business, there are many things you have to deal with and one of the most important things is the finance. It becomes the crucial point in growing and developing a business, no matter how small or big your business is. You have to find the best way to finance your start up business and there are several points you need to cover and complete in order to get one.
Where to Get Money for Start up Business
The first thing you should do is to apply at your local bank. In this case, you need to complete the requirements in order to get start up business finance from bank, such as business plan and possible income. It will not be as easy as you think because bank prefers existing business finance. However, it is never wrong to try. If it is possible, you can approach your clients or colleagues as investor. If those don’t help you, then you might have to contact your families whether or not you can get loan from them.