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What Are The Disadvantages Of Taking Loans From A Businessman's Point Of View?
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[QUOTE="Abigael, post: 225307, member: 25357"] It is so true that loans come with so many disadvantages. But people still find it a great source of capital for businesses. You will find that rich people like taking loans alot. Makes me wonder if the process of paying it back is what gives them the energy to work hard and earn so much. Taking loans for business without a great plan is what brings about most of the disadvantages that come with not paying it back. Some people make the mistake of being pushed by the thrill to start a business to the extend that they take loans without a proper plan. On the other hand, good plans may also backfire and so the business does not run as well as expected. Leading the business owner to fail in paying back the loan. These two instances are the reasons why when you take loans to start a business, you face so much anxiety in running it. The pressure of wanting to pay back the loan as soon as possible can make you run the business poorly. This is because you are not really clear minded about running the business. You are just being pushed by the need to pay it back as soon as possible. [/QUOTE]
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What Are The Disadvantages Of Taking Loans From A Businessman's Point Of View?
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