Imagine if Jack Ma was still an English teacher and hadn’t taken the leap to start his own company? Nowadays, more people are willing to get out of their comfort zones and start a business; is this something you’ve been pondering as well?
Timing is key
Obviously a good idea is paramount when starting a business. If you think your idea has potential, take the leap and do something about it before it becomes dated. In this day and age, being an entrepreneur is not as difficult as it used to be; running an online shop is considered to be a good start. Though it’s not a physical store, expenses such as business registration, imports, website production, shipping, promotion and design fees, billing and more do tend to creep in. If you don’t have enough cash flow, you might need to spend time to save up, hence missing a window of opportunity for your brilliant idea coming into fruition, or worse, others who are more prepared succeeding first on that same concept.
Lack of cash flow?
There are choices of startup loans in the market but their application procedures tend to be more complex and require a longer time for approval. If you have to go through taxing and time-wasting procedures, the situation could have been changed by the time you get your business fund. A great idea can only succeed if the timing is right, so a personal loan could be an alternative.
The advantages of a personal loan
By comparing with startup loans, application procedures of a personal loan used to be little simpler and the threshold may be lower as well, so it may be a relatively preferable solution. Furthermore, there are banks that can even approve loans in a few minutes if you have a payroll account, or have a proof of income with them. As long as you make up your mind, there’s really no excuse to delay starting your business.
To find out more about personal loans, feel free to call us on (852) 2748 8080, or apply online now.
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