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Personal loan
The stress of Starting a business with a loan
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[QUOTE="Skysaint, post: 219413, member: 48818"] Starting up a business with a loan is not the best idea but we should understand that most people actually see it as their last resort. Sometimes in business, you need to follow up what's trending as at the time you want to set up your business; it may be in the area of fashion, it may be even restaurant business. I am just saying that there are businesses that will be bullish or will prove to be more lucrative at a particular point in time and if you miss that period, you're likely not to earn from it again. So in this case, many will opt to take loans so as to benefit from the business at that very point in time but like I have said earlier, it's not the best way to start up a business but it's not like they have better alternatives. As a business owner, running a business you established by taking loans, there will be an extra pressure on you while running the business which might lead you to making impromptu and reckless decisions. The best thing to do is to have a side plan on how you're going to make repayments Incase if your business should fail because most times what we see in business is not what we had imagined. [/QUOTE]
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