Taking risks is really important for one's growth. But some risks are just too dangerous and not worth it. This is because you may not have calculated the risks well hence it brings you more trouble than the benefits you expected. Taking a loan to start a business is one of those risks that need to be calculated so careful.
Remember that at the start of business, you are not really sure if you will actually make profits. Most people start with a high euphoria and take big loans but forget that business planning is the most important thing at the beginning of business.
Therefore, if you have resorted to taking a loan to start business, then plan it well. Make sure that it has all the qualities to make profits. Such as enough capital, good location, high demand and proper knowledge of how to start and run it. If you find a glitch in any of these areas, you better avoid taking the loan.
I always prefer looking for other sources of business capital other than loans. They include; taking time to make some income and save, selling things that you don't use anymore or asking from friends and family to fundraise the money for you. I am sure that if you give it a try, you may find a less risky source of business capital.