Chibson
VIP Contributor
I have read a lot of things online, regarding taking loan in order to start a business. A lot of people with different opinions, some people saying that it is wise to take a loan in order to start a business while some do not agree with such. In my own perspective, I don't think it is wise to take a loan before starting a business because if the business goes wrong you will definitely go into bad debt. So I think it is better to start small and grow the business, this is because I have seen a lot of people who started small and grew their business. The only time I would recommend somebody to take a loan is if they already have an existing business that has prospered. But if you are just starting, it is not wise to take a loan.
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