Many young people are starting side businesses to earn extra income. These modern side businesses often have creative and innovative ideas. This article explains how to prepare the necessary capital to start a side business and maximize profits from the capital that you prepare.
Examples of Modern and Creative Side Business Ideas
Some popular modern and creative side businesses in Indonesia include culinary options like personal chef services or selling snacks and contemporary snacks. If you prefer the service industry, you could offer skills training or become a social media content creator. Another option is to start an online business selling handicrafts or contemporary clothing.
The benefits of having a side business
Having a side business can increase your income and provide you with an outlet for your interests and passions. It can enable you to grow and develop by refining your existing skills and acquiring new ones while expanding your social and professional networks. Additionally, a side business can offer you the flexibility to work around your primary work schedule. With time and dedication, it can even grow into your main source of income, replacing your primary job.
Deposits: A Jago Solution to Prepare Capital for a Side Business
One of the biggest hurdles to starting a side business is securing enough capital. One way to prepare capital for your side business is by utilizing deposits.
1. Business capital can be saved in a disciplined manner with the help of deposits
By locking funds for a set period, deposits instill saving discipline and prevent spending on non-essential items. This ensures that business capital is not used for personal consumption.
2. Business capital saved in deposits will grow
Furthermore, business capital can grow through deposits, as they provide benefits such as interest or profit sharing. This will lead to an increase in the capital saved, which can then be utilized when necessary.
The Jago Term Deposit provides competitive interest rates for conventional Jago users
Bank Jago provides competitive interest rates for deposits. The interest rates offered are based on the deposit amount and term, allowing you to choose the best option to suit your financial needs.
Check this page for the most up-to-date interest rates on the Jago Term Deposit.
The Sharia Deposit provides profit sharing for Jago Syariah users
The Sharia Deposit, based on Mudharabah Muthlaqah akad, offers profit sharing. Your funds will be professionally managed and profits will be shared according to the agreed ratio. This provides an investment alternative that aligns with sharia principles and offers financial profitability.
Check this page for more information on the profit-sharing ratio.
3. Deposits offer term flexibility
Term options for deposits are varied, allowing you to align them with your side business plans and personal needs.
The Jago Term Deposit offers maturity from 1 to 12 months
Deposit investment can be adjusted to your financial plan by choosing from a variety of terms, ranging from 1 month to 12 months.
The Sharia Deposit offers maturity from 1 to 24 months
Jago Syariah provides flexible deposit terms ranging from 1 to 24 months, allowing you to manage your finances according to sharia principles.
For continued savings, choose the automatic roll-over (ARO) option available in both the Jago Term Deposit and Sharia Deposit to automatically renew your deposits until you are ready to start a side business.
Open Your Jago Term Deposits/Sharia Deposits Quickly and Practically from the Jago Application
Open a Term Deposit or Sharia Deposit directly from the Jago application on your phone. Enjoy competitive interest rates or fair profit-sharing with just a few taps and no need to visit a bank branch.
The all-digital process makes it easy and safe to start investing without administrative hassles.
With Bank Jago and Jago Syariah, you can grow your capital safely and profitably, making your dream business a reality.
Start saving and growing your side business capital with the Jago Term Deposit/Sharia Deposit today!
