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Business Ideas Forum
Funding a business
Do you recommend taking loans to start a business?
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[QUOTE="Chibson, post: 207003, member: 27553"] Before I encourage you or discourage you from taking a loan to start a business, I must first of all look at how prepared you are for such business. when I have seen your level of preparation and seriousness and of course your level of knowledge about that particular business I will know if I would encourage you to take a loan or not. there are many people that venture into several businesses without much preparation and proper knowledge of how that particular business works and they end up losing out. Imagine if you take the loan to venture into such a business that you do not have proper knowledge of, then there is every possibility that you will go into bad debt and of course that is the nightmare of every business owner. the kind of people I would advise to take a loan to start a business and those that have established themselves in their businesses and of course succeeded with the little capital they started with. then when they need money to expand such a business it is always advisable for them to take a loan because they already have a way of paying the money bank [/QUOTE]
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Funding a business
Do you recommend taking loans to start a business?
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