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Funding a business
Did you start with loan or through savings?
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[QUOTE="Rachael, post: 230490, member: 68963"] My business was setup through my personal savings. I never like the idea of taking loans and for me, no matter the profitability of the business idea, I would not take loans. There are other ways of raising capital apart from loans. I started my business on a very small scale and I could not even afford the digital machineries for janitorial services which would help me in making the work easier and more sparkling but I took it as a challenge upon myself because I detest something that would put me under any form of pressure. I used the manual equipment and wasted so much in doing the job just so it would be equivalent as using digital tools. Luckily, as time went on, I was able to purchase more equipment that has been helping me to perform my work faster. There is a lot of disadvantage that comes with taking loans and I really recommend anyone who has the boldness to obtain loans and still have their business going smoothly. Especially during the pandemic I saw many people who had taken loans to set up their business, they business perished and so did they loan. Some had to start selling their valuables to enable them repay. [/QUOTE]
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Funding a business
Did you start with loan or through savings?
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