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Business strategy
5 proven reasons not to start a business on loan
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[QUOTE="Doradorwa, post: 78228, member: 27124"] When you first start out on your journey, you probably have no credentials and no references for a supplier to take a chance with you on a credit basis, and so the only option is to have some funds up front. This is where some people begin to toy with the ever romantic idea of a business loan. Now, I am not dead set against the idea of business loans per se. If you already have an established business and you’re looking for capital to grow, then that is a different situation all together. However, I feel that if you are just starting out in a new business, the last thing you want to do is to tie yourself up with a business loan. [/QUOTE]
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5 proven reasons not to start a business on loan
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