When you have a brilliant idea that you wish to get off the ground or an existing business that requires an influx of capital to stay afloat, you require money quickly. For this reason, the chances are that you will expose yourself to risks such as paying unnecessarily high interests or wasting time waiting for an approval process that won’t bear any fruit. We have put together ways to raise capital for your small business. Each option has disadvantages as well as drawbacks so you should weigh them keenly to make the best decision for your cases.
Family and friends
The ugly truth is that getting a bank loan can prove to be a challenging task when you are starting out. For instance, most banks only lend cash to those with strong credit score or personal guarantee. For this reason, folks turn to their family and friends for quick funding. The repayment schedule and interest are set after discussing with them.
Using personal credit cards is also an option that you can consider when starting a business, particularly if you have good credit. If this option has crossed your mind before, make use of the credit cards especially those features for multiple expenses. For instance, a card with low rates preferably a zero percent introductory offer can be used for business purchases. For huge cash expenditures, you can take advantage of cards with no fees for cash advances then deposit the balance to the card that provides zero percent interest rate.
You can find many online lenders that will offer you loans. Gone are the heydays when you had to get to a bank to access loans. Online term loans are better than traditional bank loans in efficiency as well as speed. You can apply in less than ten minutes. Once all your documents have been verified the money will be deposited in your account within 24 hours.
Crowdfunding was popularized by platforms like Kickstarter as well as Indiegogo, and for the last couple of years, it has proven to be a viable funding method for those interested in starting a business. It is a great option for entrepreneurs who lack an established track record but can successfully show the viability of their venture or product. It is an option that doesn’t consider your personal or financial information.
In some cases, you will realize that the interest rate charged by banks is much lower compared to other lenders. As many businesses are not doing well, banks stay as much as possible to minimize their risks. In simple terms, this means that you will be required to provide a complete loan package including your financial statement, copies of tax returns and in some cases even a business plan. Banks can also consider funding your business with collateral as well as a personal guarantee from the owner. Check out local banks to get the most out of the cash that you borrow because they are aware of the local credit conditions.
When one is dehydrated, it simply means that the body does not have enough fluids and water. Scientists argue that water makes up about 60-80% of our body mass and that is why when you do not take enough of it, you start experiencing all manner of issues with your body. This for your body to work at its optimum, it is important that you drink the required amount of water on a daily basis. Thus if you are not taking in the required and enough amount of it your body will give you a number of signals. Let us now look at some of the signs that are likely to suggest that you need to drink more water.
This is the most obvious sign that one needs to drink more water. This is the most obvious signal that your body will give you which tells you that you need to drink water. The body is simply saying that it has not been watered as required and you need to urgently hydrate it.
2. Persistent headaches
When most of the people experience headaches, in most cases they will resort to taking painkillers. But what we do not realize is that our bodies are dehydrated and thus the blood is not thinned enough resulting in less oxygen being transported to the brain, leading to one experiencing a severe headache. Thus to deal with such situations, it is advisable that you take a glass of water as it will ease the pain away.
3. Passing out dark yellow urine
This is another sign that you need to drink more water. For a normal human being, you must be exhausting urine that has a light yellow-amber color. But this will not be the case if you are not consuming enough water as the kidneys will extract more waste products that need to be expelled from the body hence leading to it having darker than usual urine. If you are dehydrated for long, you may pass out urine that has food colorings, blackberries or asparagus.
4. Reduced urine output
A normal human being is supposed to urinate between 6-7 times in a day. This is in the event that they have consumed the recommended amount of water. But if you don’t, your kidneys will attempt to retain as much fluids as possible to ensure that one is not dehydrated hence you will urinate less than 7 times in a day.
5. Dry skin and more defined wrinkles
In today’s world, you will realize that many people more especially those of the female gender rely on expensive moisturizers to achieve soft and smooth skins. They will also constantly use them in an endeavor to deal with fine lines and wrinkles. All this time they do not realize that their bodies are telling them that they need to be consuming more water and their problem will be sorted out.
6. Dry mouth
When your mouth starts to dry out, then you should definitely know that you are dehydrated. When your mouth dries, it is a sign that your mucous membranes have been dehydrated and hence need some replenishing by drinking more water. When you see the above-highlighted signs, then definitely know that your body is asking you to drink more water.