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Funding a business
Did you start with loan or through savings?
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[QUOTE="Good-Guy, post: 214868, member: 29109"] I am not conducting any kind of business right now. However, I might invest money again in cryptocurrency trading. I have taken a break from cryptocurrency trading because right now I am trying to prepare a kind of strategy that would help me to generate guaranteed profits by the grace of Allah Almighty. I do not plan to take any kind of loans at all. This is because I believe that loans only make things worse for businesses. There are many examples of businesses suffering from financial losses due to taking huge loans. I believe that personal savings is the best thing when it comes to starting any kind of business. In the past, I have traded in cryptocurrencies and I have suffered from losses. However, I suffered from loss when I invested my own money. Loss is bad but you end up in a bigger debt when you take loan and after that you suffer from loss. Many corporations went bankrupt because they were simply not able to pay the loan back in the year 2020 due to Covid-19. Only if they had invested their own finance, they might have had survived. So, I would not advise you to risk taking loans. [/QUOTE]
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Funding a business
Did you start with loan or through savings?
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