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Funding a business
Why you should'nt take a loan in funding a business
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[QUOTE="Augusta, post: 241268, member: 25283"] This is same for me I have always been an advocate of no loan especially for a start up. Starting a business might just seems a good alternative to other means of getting money for business. but it in reality it isn't the best Starting a business with loan means that you might just be starting a business that the foundation is shaky. This is because you are going to pay the loan with high interest which means money will be leaving the business intermittently and this kind of pattern isn't good for a new business. if you are not careful such business will collapse before you even begin it Again starting a business with a loan means that you are already a debtor which might have a high level of negative effect on the business. A business with high debt means that there is no headway for it as it is. You would need to pay up your debt and start making profit in order to set the business on the road of success without that it will just failed. The truth is that a business started on loan is likely to fsil if one doesn't have a mentor that can direct one appropriately. [/QUOTE]
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Why you should'nt take a loan in funding a business
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