Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Why Personal Finance Is Better Than Taking Loans?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Kingsley, post: 217664, member: 30278"] There is certainly no doubt that using one's personal finance to run a business is far better than using a loan to run a business. One of the major challenge of using loans mostly as a start up is that the business owner has not really gathered enough experience on how to manage the business. Hence if the business should hit a major challenge and it is unable to survive, then the owner of should business will become bankrupt and it will be difficult for the owner of such a business to payback such a loan. So I do encourage people to always look for ways to get themselves working first and gather enough money and experience before embarking on their personal business. One major advantage of running a business with personal funds is that the tension and pressure one would have faced on running the business on loans. And people as we know do not make good decisions when they are under pressure. This is whay using your personal fund will help you do to aviod unnecessary pressures. Then it will aviod you the opportunity of marketing sound business decisions. And the business will make good profit that will not be sucked up by interest on loan. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Why Personal Finance Is Better Than Taking Loans?
Top