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Business strategy
Should i start small or get a loan
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[QUOTE="moonchild, post: 213724, member: 57467"] First of all, you could've specify the type of business you are planning on starting that will help us in giving you advise, before talking about if you should start small or take a loan, is your business solving a need or a it's your business adding a new value to an existing business or you're just starting because others are doing the same business and they're making money? After you answer those questions then yes you should start small and you should never think of taking a loan from a bank or any institution, it's a bad note to start a business on, you should utilize the small you have and use the proceeds to increase your capital. Don't think too much please just execute and learn on the business because most of the time we let a business opportunity go because we overthink it. Get in and learn on the business or if you can get a friend that, a trusted one, that you can pool resources and start together that's okay too. The only time you should be thinking of getting a loan is after your business is already progressing and you're getting more customers and users then you can take a loan. Even the bank will not deny you because you're profitable already. So Goodluck [/QUOTE]
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