Business ideas you can do with a gold loan from home Starting your own business can be challenging, but with a great idea, execution plan and financial backup, you can be an aspiring entrepreneur. The first and most important aspects are an excellent business plan and arranging the necessary financing. We know a successful business can set us financially free for life and many of us have great ideas. When it comes to funding the business, we turn back. Business loans can be an option, but not all businesses are eligible. Excellent credit history, collateral requirement, the lengthy application process, high-interest rates and hidden charges make a business loan unapproachable to many of us. With the gold lying idle in your locker, you can finance your business by availing of a gold loan. We offer gold loans at home, where you can apply for a gold loan from the comfort of your home. We are backed by Muthoot FinCorp, one of the leading NBFCs in India with a legacy of 135 years of serving customers. If you are looking to start a business, here are some of the best ideas to become successful. With the right idea and funding you can gain your financial independence. Become an entrepreneur Start-ups are becoming popular due to government rules, flexible tax structures, digital payments and support extended to the one-person company (OPC). As an entrepreneur you can use a gold loan as a financial instrument to raise capital for business expenditures. You can start with various sectors, from food and footwear to furniture and furnishing. The significant expenses associated with start-ups are; ● ● ● ● ●
Office premise and utility payments Necessary registrations, insurance and licenses Employee salaries Equipment and Inventory Marketing expenses
Get a franchise You don’t require much business experience to run a franchise. The franchisor will train you to operate the business. You can also have the advantages of their brand value, existing customer base and lower risk than starting a new business. The expenses include franchise fees, space rental, equipment purchase, employees and their training. If you approach a bank for a business loan, the bank will verify the nature of the franchise, your credit score and your net worth. On the other hand, you can easily obtain a gold loan from us with minimum gold loan documents. Get a dealership In a dealership, you are authorized to sell a company's products under an agreement. A dealership is more accessible than a franchise and requires less overhead expenses and capital. You can cover the overhead expenses of a dealership program using a gold loan from home.