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Business Ideas Forum
Funding a business
How to Repay Business Loans Easily
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[QUOTE="Mika, post: 280895, member: 29399"] If you have a business loan, there are two ways to repay the loan, one., you cut your business operational cost heavily, and two, you start making more profits, so that you will have more money to repay your loan. For most businesses, mainly small businesses, then the second method is quite impossible, therefore, they will have to focus on the first method, which is to cut business operational costs. In order to cut your business operational cost, you will have to control your expenses, cutting expenses might also mean cutting your production, cutting your marketing budget, cutting your workforce, moving to a cheaper location., or even operating online. One of the major contributors to high operational costs is related to overstaffing, try to minimize your staff to cut your expenses. When you are able to cut your expenses, you can use your surplus money to repay your business loan. [/QUOTE]
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