Do you have a cool and innovative business idea? Great! But besides ideas and business plans, of course KH pals also need other main aspects, one of which is business capital. Although business capital is not the first thing to think about in a business, without capital, the business will automatically not run properly. In fact, often times, limited capital becomes a barrier for a businessman in building his business. As a result, many businesses fall in the middle of the road because they are unable to get the capital needed. Finding business capital is easy. This is because, although there are currently many sources of funding, not all of them have requirements that are easy to fulfill. Many novice business actors are still confused about how to get business capital. But KH friends now do not need to bother, because currently there are many ways you can do to get business capital easily and quickly, some even without requiring collateral! Want to know how to do it? Come on, check out the following tips.
Saving money
The first way that KH friends can do to get business capital independently is by saving. Generally, people do save with certain goals such as for retirement funds, buying a house, children’s education, and others. However, this method can also be applied when KH friends want to do business and need business capital, you know! If you already have a plan that is mature enough to create a business, then there is nothing wrong with saving capital by setting aside a few percent of your income every month. For example:
- Your monthly salary is IDR 10 million
- The business capital you need is IDR 30 million
By setting aside Rp3 million from your income/salary every month, the total money you can collect within 10 months will be Rp 30 million. Now you’re ready to build your own business using your own capital too.
Seeking Business Partners and Investors
If there are friends or relatives who have the same desire and vision of mission to build a business in the same field, you can take advantage of this opportunity to invite them to work together, right? In addition to business capital that can be borne together, the ups and downs can also be borne together. But keep in mind, even though it is a joint business, KH friends must also pay attention to the importance of communication such as calculation and profit sharing agreements. Almost the same as looking for a business partner, KH pals can also look for investors who can help you to get funds from third parties. The difference is that investors usually only provide capital in the form of funds without participating directly in business operations. Just like with business partners, things like profit sharing or other agreements must also be agreed upon so that no one feels disadvantaged if something happens in the future.
Crowdfunding
Did you know KH friends, getting business capital does not always have to drain your energy here and there. With just a laptop and internet, you can get business capital through sponsorship, namely crowdfunding. The system owned by crowdfunding is actually almost similar to sponsorship. You only need to offer your type of business through a site, then just wait for site visitors to be interested and interested in becoming a sponsor of the business you offered earlier. Some examples of crowdfunding sites in Indonesia that are well known include KitaBisa.com, GandengTangan.org, and Wujudkan.com. In addition, there are also international crowdfunding platforms that you can try such as EquityNet, Seedups, peerbackers, and RocketHub.
Taking Capital from Consumers
For certain business models such as catering services, screen printing, entrustment services (jastip), design, and others, KH friends can get business capital from consumers. This method can also be done by selling goods with a preorder system. To get it, you can ask for a down payment first. After that, you just process consumer orders. Once the order is complete, then the consumer pays off all payments and gets what he needs. Isn’t it difficult to get business capital? Even so, in this way, KH friends must have a strategy to gain consumer trust at the beginning. The profits you get can also continue to be rotated to become business capital.
Utilize Cooperative Loans and Government Loans
Cooperatives are savings and loan institutions based on kinship and mutual cooperation. If you want to get capital by applying for a loan at a cooperative, you need to become a member of a Savings and Loan Cooperative (KSP) first because the funds in this institution are used for the needs of its members. Well, if KH friends want to get a business capital loan that also does not require collateral, then you can try business capital assistance from the government. The government provides subsidies in the form of People’s Business Credit (KUR) channeled through several government banks. Each bank offers different types of KUR, so you can choose a program that suits your business needs. However, before obtaining this loan, your business needs to be rigorously assessed because many business owners apply for capital in this way. Apart from government institutions through banks, KH friends can also seek capital through BUMN loans. From the SOE joint program, you will not only get a business capital loan but also training and guidance to be able to improve your business skills and development.
Government Grants and Subsidies
The last way to get business capital is government grants and subsidies. Currently, the government has the Productive Presidential Assistance for Medium Enterprises (BPUM) MSME Direct Cash Assistance (BLT) program for micro businesses. This government program can provide free business capital for business owners. The nominal amount obtained is IDR 1.2 million. However, to get it, there are several criteria that must be met, namely:
- Have a micro business. So that for prospective recipients whose businesses are large and not included in micro, then they are not entitled to assistance from this program.
- The recipient must be an Indonesian citizen and not an employee of BUMN/BUMD/TNI/Polri/ASN. Prospective recipients must not currently have a loan at a bank or KUR.
- Assets owned by prospective recipients are a maximum of IDR 50 million, excluding land and buildings for business premises.
- Each prospective recipient must not have an annual income with a turnover of more than IDR 300 million per year.
Prospective recipients who want to get BPUM BLT subsidies must also attach several required documents such as:
- Business Certificate
- NIK, KTP, and residential address according to KTP
KH Contact
Those are the ways that KH friends can do to get business capital. There are so many choices of sources of business capital to develop your business. Whatever method you choose, the most important thing is that you must ensure that your business plan is mature, so that people or institutions who want to help are also sure to provide and invest in your business! How do you make a good business plan? Of course you need to pay attention to important aspects such as business ideas, target markets, competitor analysis, to legality, financial operations, and business management. But take it easy, if you are still confused and facing difficulties in setting up a business, you can use business consulting services from Kontrak Hukum. Only with costs starting from Rp 400 thousand, KH friends can enjoy business consulting services with professional experts in Kontrak Hukum. Just visit the page https://kontrakhukum.com/semua-layanan/ or if you have further questions, you can contact Kontrak Hukum through the following link Ask KH.
