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Funding a business
How to manage a business started with a loan
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[QUOTE="Carpon, post: 266831, member: 86701"] To manage a business started with a loan is surely not an easy task but it is of course achievable. It is very risky as you will need to be paying your loan and still be keeping your business alive. But if you are crafty enough in business you can be able to do that. Make sure you invest your time and effort into the business and make the best out of it. And it will be really good if you can engage in other works or jobs and have a passive income source. This will help you in augmenting your monthly income which may be channeled towards settling your debts and loans. Moreso, you can make business and personal budgets as this will help to guide you while you encure expenses. Place priority first on settling the loans so that you can be free from it's grip and thereafter when you have settled it, you cab give your focus to other things. [/QUOTE]
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