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Business strategy
Starting a business on a loan.
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[QUOTE="Donkiz, post: 76142, member: 26238"] When starting a new business you really don't know how the business will pan out. You literally don't know whether the public will like your business model or not, you don't know what the level of patronage will look like. You don't know the antics that your competitors will employ to frustrate your business, you don't know if the business will make profit or loss in the first three months, and you don't even know how long it will take for you to break-even. So it's safe to say that taking a loan to start a new business, when these many unknowns are something you must face in the early stage of the business, is definitely not a good idea. [/QUOTE]
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