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The smart alternative to starting a business with a loan | Forbes
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The smart alternative to starting a business with a loan | Forbes

Starting a business with a loan can be risky knowing that the agreement may require you to have a personal guarantee or pay interest when you are just starting. One alternative to building funds for your business idea is through your connections and crowdfunding. You pre-sell and raise funds to launch your idea. They can also give you feedback on what improvements to make as they become your customer base. Crowdfunding sites like Kickstarter and Indiegogo are the options you can consider. This will help lower your risk, improve your cash flow, and helps you sleep better at night,

Source: https://www.forbes.com/sites/garrettgunderson/2020/11/25/the-smart-alternative-to-starting-a-business-with-a-loan/?sh=483100228f4b

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