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Business strategy
Should i start small or get a loan
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[QUOTE="funmi, post: 221598, member: 38880"] In my own perspective it is always best to start small and not starting big. Life is risk, business itself is also another kind of risk, it is always best to test the waters with something very little so that you will see how far you can cope. That will just serve as a kind of test run for you to have a better understanding of what is really going on. Some people had made the errors of starting very big because they had a plan on paper and they did not realised that the calculations on paper are quite different from the one we have in the reality. So for that reason they go all out to get big loams so that they can start very big and in the long run the business begins to collapse and they eventually shut it down. And so were not so lucky as they were still owing before the winding up of their business. So it is best to Starr small so that your mind will be at rest than to start big with loans and give yourself a sleepless night. And in the end you may make wrong decisions that will affect the business. [/QUOTE]
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