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Is this the only way to start a business with a loan ?
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[QUOTE="Kingsley, post: 214532, member: 30278"] Many have been mislead to thinking that it is only when you access loans that you can actually start a business. And immediately they think of business the next thing that comes to their mind is how to access loans. The have failed to look into the nitty gritty of what business really entails. Business is trade And we know trade is buying and selling goods or service and sometimes both. Some people has got a misplaced priority just because they see people dealing with goods and they therefore believe they should also go into trade by goods. Whilst their specialty could be in the area of services, which by nature may not be capital intensive. I think thr first phase in planninga business should not be in the area of raising capital. I have seen somany people that had the so called capital and yet they didn't succeed in the business they decided to venture into, rather than considering capital first, it is better to look at the technicalities involved in the type of business you have decided to start. Things like location, things like your target audience and lot more. Then one can even partnership with others if there is no start up capital. [/QUOTE]
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Is this the only way to start a business with a loan ?
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