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Business Ideas Forum
Funding a business
Do you think of taking loan to start up any business of your choice
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[QUOTE="Chibson, post: 215022, member: 27553"] [FONT=Georgia]I don't always advise people to take loans in order to start businesses because there are a lot of disadvantages that comes from it on the long run. If you are already in the business then there is no problem for you to take a loan in order to expand such a business but if you're just starting then I wouldn't advise you to do that. there are a lot of reasons to this and one of them is that you will be under pressure to make profit in order to repay the loan which is not really good for your mental health. Being under pressure to run a business is not really good and there is a possibility that you will run into bad debt on the long run. I think one of the things you should consider before taking a loan is the interest of that particular loan. If it is friendly then I think there is really nothing wrong for you to give it a try but if the interest is so high then I think you should start small. Starting small is actually very good because it will give you the exposition needed in business and experience on the long run.[/FONT] [/QUOTE]
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Funding a business
Do you think of taking loan to start up any business of your choice
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