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Funding a business
Did you start with loan or through savings?
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[QUOTE="sincerem, post: 230830, member: 25228"] [FONT=Courier New][B]Its a total downtime to start selling my valuables just to repay the loan which I took for a failed business. That's why, spending time while saving for my future business is the best. At times, thinking about loan repayment makes some business owners losing out on business, since they're focused on making more profitable, they'll be pushed harder selling above the products market price. It is better to sell at the height of the market price, and gradually climb up. Again, some persons didn't make clear research and plan about the business they're starting, which caused them heavily and liquidated their borrowed funds. If you lose out with the funds you saved up, at least you wouldn't over think, or facing a problem. But one who started a business enterprise through loan funding, has lots of things to think about in order to settle the outstanding loan debt. Such kind of debt, is what I don't want to go through in my life, it is better to start from scratch with the amount of money I've saved up, than taking huge amount of loan after submitting collateral, and still it didn't work out as planned, such is more killing to the individual. [/B][/FONT] [/QUOTE]
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Funding a business
Did you start with loan or through savings?
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