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Recast Your Minds - Did You Start Your Business With A Loan?
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[QUOTE="Kendy, post: 226381, member: 63869"] Two years ago, when I was running or poultry farm, I have always said it here before that I actually took up a loan to start the business and it was one of my greatest mistake. It was just so unfortunate that it happened few weeks before the uproar of the covid-19 pandemic and it was a very great obstacle which eluded the success of of the business. It made the business static because people also felt pessimistic to eat any livestock because of the fear of contracting the virus. The loan I got to start up my poultry farm was from a financial institution and although the interest rate was just minimal, it was still really difficult to balance the equation between making profits and also repaying the loan. It was so difficult because even the feed which the chickens consume was really scarce and to see it to purchase, was like double of the initial price which made me incur more losses rather than gain. It was a very trying time and it was also an experience or lesson that would not be forgotten in a hurry. I think the best way is raise funding or capital to use your personal savings or better still through crowdfunding or empowerments from government. [/QUOTE]
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Recast Your Minds - Did You Start Your Business With A Loan?
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