Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
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
Personal loan
Retirement
Debt help
Savings for Students
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
Personal loan
Business loan
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="Skysaint, post: 204646, member: 48818"] Starting a business with a loan isn't in itself a bad idea and as a matter of fact, many who actually did that succeeded and are doing fine in there business but that doesn't mean it doesn't have it's risks attached to it. Those who actually take up loans most times do see it as their last option to starting up a business, because I don't think they will opt to take up loans when they have other alternatives. But the thing there is to be careful and calculative with taking loans just like you have clearly pointed out, because sometimes it create unnecessary pressure on you as a young business owner. We all know that first time business mostly suffer challenges and that's just the risk there but if you have a side plan on how to make repayments if your business were to fail you then you are good to go. Or better still save up money and start your business, I will always advise this. Someone actually took loan to do drop shipping business this recent festive season and it worked for her because she knew the kind of business she wanted to do and was calculative about how to earn back her money. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Business loan
Top