Sotherefore
VIP Contributor
85% of peoples will like to start up a business if they are stable financially , the reason why most potential business men and women are not able to start up a business is because they do not have the required money needed to start up and run this business.
Because of lack of capital the most challenging factors for new business men and women is how to raise the money they need . Sometimes it may be difficult for them to raise the money they need since some of them actually do not like working for any business organization.
Since most do not like working to raise the needed money from other private business they tend to start up the type of business they are interested with a loan . Sometimes getting a loan to start a business comes with its own advantage and disadvantage but I see disadvantage to be one of the most outstanding risk of loans.
Normally it is risky when people engage in a business with a loan and this may not be advised. Instead of getting a loan I suggest that anyone who is interested to start up a business should go through the normal path of working and raising the needed capital since there's freedom in establishing a business with the capital you have raised personally.
Because of lack of capital the most challenging factors for new business men and women is how to raise the money they need . Sometimes it may be difficult for them to raise the money they need since some of them actually do not like working for any business organization.
Since most do not like working to raise the needed money from other private business they tend to start up the type of business they are interested with a loan . Sometimes getting a loan to start a business comes with its own advantage and disadvantage but I see disadvantage to be one of the most outstanding risk of loans.
Normally it is risky when people engage in a business with a loan and this may not be advised. Instead of getting a loan I suggest that anyone who is interested to start up a business should go through the normal path of working and raising the needed capital since there's freedom in establishing a business with the capital you have raised personally.