Lack of capital to start a business can be tricked to apply for a loan to the bank, but before requesting a bank loan is no good you think carefully of your business concept. Pay attention to detail, from the concept of the implementation of the business you up with the market prospects so that you have the potential to make profits.
Capital loan from the bank must be considered carefully so that bad things do not happen to your business. You’re just starting a business! So as soon as the execution of your business idea and do not forget to pay a ‘liability’ in your bank. And that this capital is not in vain, because the main thing is this capital for your business purposes it is necessary to note the following.
1. Use a bank loan to increase productivity. For example, to buy a meat grinding machine for the business of making meatballs, buy silk screening tool for business shirts, buy additional sewing machine for your textile business,
2. Separate business finances with personal finance. This will allow you to control cash flow, in the form of income and expenditure are clear and measurable. The incorporation of these accounts into one will make you rush and could have a negative impact for your business,
3. Provide a special fund to pay monthly installments, separate them immediately if there is no income in your business. This is a top priority for your expenses, not to be in arrears,
4. Invest the proceeds benefits for business development, for example, marketing, savings, purchase new equipment, etc,
5. Record all income and expenditure in the books neat and detailed in order to allow you to check the cash flow of your business,
6. Avoid using this bank capital loans to businesses which have definite potential, because there is still your obligation to return capital.
Capital loans from banks like an oasis in the desert, looks beautiful from a distance but false when close. So, be prudent in arranging this loan, use it in accordance with the original purpose to grow the business. Avoid the use of consumer affairs