Starting your own business is not an easy task. According to the recent research report, 90% of businesses fail in the 1st year due to a lack of funds. With proper financial planning, you can manage the fund for your Own Business.
Are you still dreaming about starting your own desired business?
Or
Perhaps you’re doing a few side-jobs in your free time hoping to start the business.
It’s the dream of many individuals to become an entrepreneur, but starting your own business is not a cup of cake. It demands your Time, Focus and Money. Starting a business is one of the best career choices but it is very stressful.
How to start a business?
Planning to start your own business is the most basic and important step to become an entrepreneur. It is possible only with the help of proper financial planning.
Working Capital or Fund for your own business is very important. Take time to think about your business and collect money as per your business requirement.
How to Manage Fund?
To manage the fund for your own business is a long term goal. If you want to start your own business without taking any business loan, you need to invest 7-8 years earlier.
For Example: If you want to start your own business in the year 2025 then you must start the regular investment from the year 2018.
How Much Fund Required?
Before starting you must have a minimum of 3 years of working capital.
If you want to save 20 lakhs after 7-8 years then you have to invest Rs 11,000 per month.
In the above chart, you can see that if you invest Rs 11,000 per month and first-time investment of Rs 10,000 then after 95 contributions mean after 95 months or 8 years (approx). You will get a return of Rs 20 lakhs.
Here we take the Annual interest rate of 15% on your investment.
Here your total investment is 10.5 lakhs (approx) and you will get the remaining 9.5 lakhs (approx) as an interest.
If you want to save 50 lakhs after 7-8 years then you have to invest Rs 26,000 per month.
In the above chart, you can see that if you invest Rs 26,000 per month and first-time investment of Rs 25,000 then after 98 contributions mean after 98 months or 8 years (approx). You will get a return of Rs 50 lakhs.
Here we take the Annual interest rate of 15% on your investment.
Here your total investment is 25.5 lakhs (approx) and you will get the remaining 24.5 lakhs (approx) as an interest.
Equity2Commodity will guide you step by step how to manage a fund to starting your own desired business. This step-by-step guide gives you a complete idea of where to invest to start your own desired business and how much to invest?
