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Business Ideas Forum
Funding a business
Questions to ask before funding your business with a loan
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[QUOTE="Mika, post: 252142, member: 29399"] If you have a business and if you want money to grow your business, you need to remember one important strategy to grow your business, i.e. OPM. OPM is the abbreviation of Other People’s Money. The other people are the investors (either intuitional investors or individual investors). You can get angel investors, venture capitalist investors, business partners, or even investors through IPO. For a lot of people funding the business through a bank loan is the easiest method to grow business. Well, if you trust the business idea, if you are fully confident that your business will become successful, there is no issue with getting a bank loan, but you should also think about the consequences in case your business fails. Another problem with a business loan is you will have to start repaying the loan before you are actually earning profits from your business. A loan is good if you want to grow your business but a loan is not good if you want to start your business. [/QUOTE]
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Funding a business
Questions to ask before funding your business with a loan
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