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Business Ideas Forum
Business strategy
Should i start small or get a loan
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[QUOTE="Chibson, post: 213654, member: 27553"] [FONT=Georgia]I always advise people never to take a loan in order to start a business especially when you don't have proper knowledge and understanding of how such a business you are going into works. I have seen a lot of people who took loans to start big businesses but at some point, their business started declining because of lack of proper knowledge and understanding of how such a business works. What matters in business is not all about capital because you may have the capital but if you do not have the right business idea there is a possibility that you will not succeed in such a business. . It is always advisable for people that have existing businesses and wants to expand it to take a loan because they already have their plan in place and already have track record of running a successful business. If you don't have enough money to start a business, it is better to start small because that will give you enough knowledge and understanding of how business works. It will open you up to the secrets of running a business and at the same time give you the right orientation about that particular business.[/FONT] [/QUOTE]
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