Everyone wants to live a good life earning his own bread, doing its own thing and support his family. Everyone in a democratic society is born free and equal, but unfortunately not everyone is born “with a silver spoon” or in a well-nourished and fed family. Many of us still struggle to survive by working hard every day just to make our ends meet. We diligently save some money for ourselves every month to start our dream business but somehow emergency expenditures and other nagging expenditures here and there always hold us back from pursuing our dreams. Taking loans from friends, family and other big industrialists might give us a start but a sizeable chunk of the income and earned profits is gone in paying up the loan instalments and interest rates leaving sufficient money only to feed our own family.
To grant help in these matters, of late many government initiatives have started which shell out grants to start a business for aspiring people who have the passion and desire to start the business but reduce operational costs somehow unable to do so due to lack of funds. These quasi-government sponsored bank loans for commercial purposes such as starting a business, buying a commercial property and so on have much affordable interest rates and subsidized instalment rates for small businessmen which allow them to keep the majority of the profit margin to themselves while paying loan instalments every month at affordable rates.
Having your own business is not only beneficial to you but also plays a crucial part in many countless individual lives who gain employment under your business by drawing their monthly salaries from you. Thus, this acts as a win-win proposition for everyone. Also, the profit margins made by the company are also gaining many benefits under taxes which also give you an edge over those people who are your salary counterparts.
These small improve business cash flow and overall productivity grants allow you to stand on your own feet by starting your own business. It gives you self-sufficiency to regulate your own finances and have more control over them. Moreover, you also manage and support a large pool of talented human resources under you who also draw a salary from your firm. Hence you are indirectly supporting them and their families too. Being your own boss allows you to network with other businessmen and gives you more authority so that you can concentrate more on the growth of your business and accordingly delegate most of your business operations to your team managers and leads.
As your organization grows, you gradually cash in more and more revenue to pay off the last bits of the instalment money and finally become an autonomous business functioning entity having a small but reliable footprint in your locality and area. Freed from the financial obligations, you can now dedicatedly think about the future growth of your company and fund additional cash in new avenues for growth which were previously preserved for loan instalment deductions. You can now make bold decisions for the growth of your business operations.