Recently my friend ask me that he want to start a small and of business but he is not having money in great amount so I suggest him that it involves second partner with you and invest equally but he said to me that he want to start his business alone then he has decided start this business to take loan from his cousin brother and he is gonna give him and help him in the coming time.
It sounds bad on me that nobody helps in the time of bad when bad time comes they will just ask you about their money not about the problem so I said to him that do not take loan and involve the second partner so he will also know about the loss in business while on other side the second person to whom you are taking loan I will not responsible for your loss and your business work so choice is yours but do whatever is good to you.
So I want to ask you all that is it good to start business with the help of taking loan from the other person who will just be responsible for the money not for the loss and your business what you all thing that I give him the wrong idea for the right Idea personally I am confused myself as well because I never suggest anyone related to business ideas but it was my first experience if there is someone who has great amount of ideas related to business and they know that this type of business is good and it can be e better in the future so do suggest me as well you ideas.
Must be many people who has started their business with the loan amount and still there going to the betterment side but it totally depends on the luck .
It sounds bad on me that nobody helps in the time of bad when bad time comes they will just ask you about their money not about the problem so I said to him that do not take loan and involve the second partner so he will also know about the loss in business while on other side the second person to whom you are taking loan I will not responsible for your loss and your business work so choice is yours but do whatever is good to you.
So I want to ask you all that is it good to start business with the help of taking loan from the other person who will just be responsible for the money not for the loss and your business what you all thing that I give him the wrong idea for the right Idea personally I am confused myself as well because I never suggest anyone related to business ideas but it was my first experience if there is someone who has great amount of ideas related to business and they know that this type of business is good and it can be e better in the future so do suggest me as well you ideas.
Must be many people who has started their business with the loan amount and still there going to the betterment side but it totally depends on the luck .