Are you planning to start a new business but don’t have enough finance for the start up? Are you willing to elaborate your business segment but need Finance. Are you interested in buying a new house but need finance for buying. Are you a person who is worried about finance for solving various things in your life? I think this has given you all a basic zest why finance plays an important role in our life.
We live in a world where we have various desires for our lives and for fulfilling those desires in our life we need proper finances as a lot of things in life specially luxury comes with finance.
Need for Financing:-
Financing is been needed for doing various things which is quite important for the growth in our lives and these are as follows:-
- For expanding a business:-
It is not always necessary that the person running a business is always filled with finances or money for expansion of business as buying new machinery in a business or expanding it to new level requires finances and the finance spent at that time will be moreover like investment and which can be earned after creating more profits from the business.
- For start up of new business:-
Starting up a new business is never easy and not everyone who starts up a business belongs to a family who have a lot of finances available. Some people arrange their finances on their own through various companies or through friends and family as every business needs money for starting up and therefore, there is an urgent need for finance for starting up a new business.
- For buying things which require lot of money:-
Buying a house or a car or anything else which is expensive is not easy for each and every person. People dream of having their own house but it is not easy to buy it and the option left for people to fulfill their desires of life when they are not loaded with finances is getting finance from outside which can be repaid.
- For development of country:-
Our government use to take several finances across the world from different countries for the purpose of development in our country as developing a country is not an easy task and there are lot of expenditure which a government already have to do by the amount of finance they are available with and therefore for development of the country government need lot of finances and they sometime take it from other country to as a borrow or loan and therefore, finance plays important role in development of country.
Therefore, we know that nothing comes for free and for each and every step one needs finances which people maintain by borrowing or saving within their life for achieving other dimensions in their life.