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Business strategy
Should i start small or get a loan
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[QUOTE="sincerem, post: 256106, member: 25228"] I will advise you to start from small if you don't have much funds to run your business. Taking a loan to make up your business capital wouldn't be a wise choice since you're still a new start up. You can gradually grow with that little funds, provided it can get you to somewhere. If you take loan, it means that your profit will go for your loan repayment, and you'll suffer for months trying to meet up to clear the debt. What if you didn't record profit for that month, how will you pay your loan back if it is monthly repayment type? Because during early start you'll struggle to balance up, you'll face challenges trying to climb up, so the best is doing it without taking a loan. [/QUOTE]
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