Sources of small business capital

Many people are opting for businesses today. In fact, we are always encouraged to do something out of the formal employment that will earn extra cash. Students are encouraged to start small businesses which will earn them money to cater for their needs in school. Someone might be wondering, why business and where am I going to get the capital to start one? Read on to get some of the benefits of starting own business and sources of capital.

Benefits of starting your own business

Own boss

This one of the major reasons why people start their businesses. No one is above you. You will control everything and sell whatever you want to sell. The joy of not being commanded around by a boss is what makes people start their businesses.

Enjoy the profit alone

small businessYes, all profits will get into your pockets. You are not bound to share with anyone or spend it with someone else. You will decide if to expand the business or use it for other needs. Some business owners who are students will use the profits to pay school fees or cater for vacation.

Flexibility

Compared to formal employment, businesses are very flexible. You might decide to take a part-time job, but still, you will be under someone. If you have other things to do, personal business is the best option. You will close it to take exams of doing anything else of emergency without having to report to anyone.

Sources of small business capital

Savings

This is the number one source of business capital. If you are employed, you could save a certain percentage of your salary to start a business. Students can save the amount given to them by parents as pocket money. Savings requires a lot of discipline and sacrifice. The good thing with savings is that you will not be required to pay back the money.

Family and friends

small businessWith a realistic business idea, you can approach your parents or siblings for capital. You only need to convince them that it will work and there you are sorted. You must, however, have proven that you are a good spender and that you can be trusted with money for your family to finance your business. An advantage with capital from family is that you will not be required to pay them.

Loans

If the above options did not work, identify a financial institution like a bank or a Sacco to lend you money. You can borrow from friends as well. For loans from financial institutions, you will be required to repay with interest. Friends can be lined.…

How to choose a car mechanic

Are you excited about buying your first car? Many of us cannot wait for that day. A car is meant to ease traveling, but they come as a responsibility. You must be committed to own and maintain a car. It will need fuel and a mechanic from time to time. You must spend to keep your car in good shape. If you are planning to buy a car, add the term car on your budget list. You will spend some amount on it daily. This article will discuss tips to help you choose the best mechanic for your car. Mechanics are like car doctors, the seriousness you put when searching for your doctor should be used when selecting a car mechanic. Read on for the tips:

Qualifications

car mechanicIs the mechanic qualified and certified to operate as a mechanic in your area? You should always seek to see their certificates of qualification and licenses. Remember this is someone you are trusting with probably the most valuable thing you own. You must be sure that your car will be safe with them and that they will not remove some of the parts from it and sell asking you to buy new ones. In case of anything, you must be able to trace them. This is only possible if they are recognized by the authorities.

Specialization

We have two types of mechanics. The general and specific mechanic. A general mechanic will deal with any car. They will handle Lorries, buses, vans and personal vehicles of different models. Specific mechanics, on the other hand, handles a specific model of vehicle. Like you will find one who deals with TOYOTA models only. They tend to be more expensive. Keep your lanes and choose either of the above as long as your car will be in good hands.

Customer service

car mechanicMake a point of visiting the garage before saying yes to them. How do they receive you? Do they have a waiting bay for customers? If yes, do they have something to keep customers busy as they wait for their car? Free WIFI or a TV could do. Is the garage organized? We do not expect a garage to be clean because of the type of work done there. But at least things should be well organized. What is the relationship between the employer and the employees? Such things will tell you how you will be treated as a customer. If they meet your preferences, well and well, make them your car doctor.…