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Business Ideas Forum
Funding a business
Does taking a loan to start a business end well?
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[QUOTE="Ithedicious, post: 231124, member: 73248"] A lot of people are taking a loan to start up a business of their choice and I do not see anything wrong with that , the reason is because even if you are getting a loan to start up a business, if you do not plan perfectly concerning the business then you are not likely to succeed because proper planning and preparation is what is needed to succeed in any area of business we are interested to start Before we even think of getting a loan , we should just make adequate preparation concerning the area of business we have chosen and if everything is being done perfectly I don't even see any possibility of failure here. The fact is that so many people are getting a loan to start up something and after getting this loan , they just go ahead to start of something that they don't understand , this can increase the risks of business failure because they are starting what they don't know how to handle. Starting a business with a loan and not starting it with a loan does not have anything to do with the success of the business but how you can manage the business will determine its success. [/QUOTE]
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Funding a business
Does taking a loan to start a business end well?
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