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Funding a business
How do you refund a business that has gone through setback?
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[QUOTE="Richee84, post: 236758, member: 42448"] A business is bound to go through different faces in it life time, business are meant to be in operational for a very long time or continue in perpetuity so therefore there are bound to face many challenges during their cause of business operations. A good entrepreneur must be prepare to face whatever challenges and also make provision to overcome such challenges. Refunding a collapse business or a business that have gone through setback is always very difficult. It a risk on it own for any entrepreneur to refund a collapse business but if the entrepreneur has study the initial problem and the cause for the collapse of the business the he must endeavor to take necessary action to correct the mistake or error and work heavily on promotion before refunding such kind of business.. The money to be use to refund the business must not be borrow money or loan but must be money he made from savings or grant from family and friends or organization and government. The reason been that refunding a collapse business is just like starting the business all over again and there will be undue pressure on the business if loan is been use to refund it. [/QUOTE]
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How do you refund a business that has gone through setback?
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