Sotherefore
VIP Contributor
All these things are something we supposed to know as a business inclined individual , because there are so many disadvantage of getting a loan to start up a business and in most cases you might even be at risk of losing your business and being in jail at the same time. If anything brought up and you are not able to pay back the loan you have collected , it will eventually end in something serious like being in prison or some other things related like that.
The point is that if someone is really interested to start up a business but there is no capital , then that person shouldn't even think of starting the business because if there is no capital obviously that means there is no adequate plans and preparation for the business. if there was adequate plans and preparation obviously a way of raising a capital concerning the business should have been made.
I always try as much as possible to learn from the experience of other people and I have seen so many people who regretted taking a loan to start up a business . This has always been my lesson and I always try to avoid it as much as possible.
The point is that if someone is really interested to start up a business but there is no capital , then that person shouldn't even think of starting the business because if there is no capital obviously that means there is no adequate plans and preparation for the business. if there was adequate plans and preparation obviously a way of raising a capital concerning the business should have been made.
I always try as much as possible to learn from the experience of other people and I have seen so many people who regretted taking a loan to start up a business . This has always been my lesson and I always try to avoid it as much as possible.