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Would you borrow money to start up a new business

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    Would you borrow money to start up a new business

    One common factor that is peculiar to all business in the world today is capital to set it up. Without the capital to set up a new business, the business idea is a useless idea because it would bear no fruit.

    Now having known the importance of capital to any new business set up and should you find yourself in need to start up a new business but down on capital, would you borrow money to start up a new business?

    #2
    Yes, I am. I want to borrow money so I could start up my business. It was good if you have more capital when you start a business so you know what you can do if you start it, Like when you want Fastfood business you really need a big capital to that.

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      #3
      I would rather start a small business where the capital of which will come from my savings rather than borrow and repay with interest. In other words, no matter how small the investment as long as it's free from debt. Or if it cannot be avoided make some loans with a spread out payment scheme if there is not enough savings. The technique is to start small with a grand vision rather than start big but not able to maintain it.

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        #4
        Originally posted by daisy View Post
        Yes, I am. I want to borrow money so I could start up my business. It was good if you have more capital when you start a business so you know what you can do if you start it, Like when you want Fastfood business you really need a big capital to that.
        If you are convinced that borrowing money to start up your new business is the last option or card that you have to play, then maybe you should do that. But my advice before going to borrow money is make sure that you have studied all the risk, strength and weaknesses of the new business before going into it.

        Good luck.

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          #5
          Originally posted by Augustus Caesar A Guarin View Post
          I would rather start a small business where the capital of which will come from my savings rather than borrow and repay with interest. In other words, no matter how small the investment as long as it's free from debt. Or if it cannot be avoided make some loans with a spread out payment scheme if there is not enough savings. The technique is to start small with a grand vision rather than start big but not able to maintain it.
          You have a very good point, it's always risky to start up a new business venture by borrowing. A lot of factors can affect the business in a negative way and you will end up with lots of debts to pay from a crumbling business. But with your own capital and effort in growing your business, it's most likely to succeed in no distant time.

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