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Business strategy
Should i start small or get a loan
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[QUOTE="Kingsley, post: 214110, member: 30278"] I am of the opinion that one always starts small rather than borrowing or accessing loans to start a big business. My reasons are not so far fetched, someone starting small with his or her little capital is bound to gather a lot of experience as he or she commences operation. Of course there will be a lot of challenges as the business progresses and the one starting little or small will be able to experience this challenges in a small scale and seek out ways of manipulating his way to bring out the best in challenges. This will help such person to muster the required stature that is needed to handle a more bigger business. Unlike the one that is set to access loans to start a big business, although the person may be think in or looking at bigger profit not knowing that the practical business life is quite different from the theoretical one. Hence this person going for a loan may encounter some practical problems he or she may not be able to handle and this might make him or her to liquidate somewhere along the line. Because they lack the practical experience. So experience is always relevant. [/QUOTE]
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