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Reason Why You Don't Have To Start A Business With Loan.
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[QUOTE="Chibson, post: 232219, member: 27553"] I have always been against people starting businesses with loans because of the numerous disadvantages that comes with it especially when you are someone that is a newbie in business. The truth is that it is quite okay and fine for you to take a loan to expand your business if you are already in business and you are succeeding. there are a lot of disadvantages that comes with starting a business with a loan and one of them is that your bank will probably put pressure on you. There is no way you can be able to succeed in business if you are under pressure because you will not be able to think straight and strategically in order to take your business to the next level. It is better you start a little business and from there you can have proper knowledge and understanding of how it works and grow it organically. If you take thousands of Dollars to venture into a business you may actually over employ people which may be a very bad decision for your business finances. If your business is already becoming successful and you want to expand it in order to be able to compete with competitors, then it is quite ok because there is an insurance that you will succeed. [/QUOTE]
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Reason Why You Don't Have To Start A Business With Loan.
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