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Hi Prince. Yes, you need a capital, from your own savings or a loan, to start a business. Perhaps the key question is where to get that capital if you do not have enough money. In that situation, potential loan sources are friends, relatives, investors, independent lendors, financial institutions (private and public banks, credit unions), non profit organizations, government entities with assistance programs, online lenders, crowdfunding, some chambers of commerce, business partners, and so on. Be careful with the terms and conditions of the loan, including those in lowercase letters. If you have doubts, before signing a contract, talk to a lawyer. I wish you the best.
Report Miguel 's answer
Hi Prince, Yes, it is possible to start a business with zero capital. It all depends on the business you are starting. I started with clients, provided services and and built up capitol over time. Service industries easiest to start with no capital.
Report Cheri's answer
Yes it's possible you can meet people who has the product available and merged with them. Then you can do your business based on parcentage the more you sold, the more you can get.
Report Umar's answer
Yes it's possible as for me I had no capital to set up my small business but I realized I had a skill in bakings.What next I started baking scones,bread,e,t,e for my neighbours for free and then they assisted me with funds to set up my small business so kindly check what you are good at and take advantage.
Report Fredson's answer
Yes you can start a business with no capital or loan , you can start by dropshiping people's goods and the little money you make you use it and start urs. Business is a gradual process not to go and borrow loan that you can't afford.
Report Nwonye's answer
Yes you can start a business with no capital or loan , you can start by dropshiping people's goods and the little money you make you use it and start urs. Business is a gradual process not to go and borrow loan that you can't afford.
Report Nwonye's answer
Yes it is possible but you must be willing to grow slowly as it will take time to build the business bit by bit. You can finance it from your salary and build month by month adding crucial items one by one. If you are prudent, with time it will be the sales plus the salary. Loans are difficult to service and can lead to the collapse of a business.