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Personal loan
The stress of Starting a business with a loan
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[QUOTE="Abee111, post: 219252, member: 29793"] Starting a business with a loan is very stressing seriously. Because you will be careful and mindful of what you be doing with the loan you collected which is one of the advantage of it. But disadvantage overshadowed the advantage. Using a loan money to start up a business is just like playing bet virtual. Why I said that is because if the business started didn't go through good plan or you have no good plans for the business, it will definitely affect you. Secondly when the location of the business dose not suit the products you want to sell or produce there, the market for it will be low and there won't be much income as profit to settle that loan when the time comes. And also when the factory is not close to the resources you are using in production, cost of transportation will increase and that will equally increase the cost of production and also the price in the market. And when the price is high in the market, consumers demand for the product will reduce and production will also reduce. Therefore the profit of the company will go down. It will be difficult for it to repay it dept within the short period of time. [/QUOTE]
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The stress of Starting a business with a loan
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