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Business strategy
Should i start small or get a loan
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[QUOTE="Sotherefore, post: 229128, member: 27033"] It may be so difficult for you to make this decision , but there are so many things you have to put into consideration because it is not just right for you to just start up something that might be very difficult for you to deal with in the future. Getting a loan is not really a bad idea but the most important thing is how you will be able to pay back the loan because it shouldn't really be from this your business you are going to establish with the loan. You should have an external way of paying back the loan and not really from the business you are establishing because if you used the money now to start up a business then you start taking out money from the business to pay back the loan obviously your business will still collapse which is not the best option. Starting up small will help because from there you will know the tendency of your business's success and if its has good future potential you can decide to get a loan and expand it and grow it to the required standard you expected it to be.. that is how I will do in such a situation. [/QUOTE]
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