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Business Ideas Forum
Funding a business
Why you should'nt take a loan in funding a business
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[QUOTE="Kingsley, post: 242695, member: 30278"] You are right, starting a business with loans is very risky mostly if the entrepreneur is still very new to the business. This is because the individual will certainly lack the experience and the foresight as to how to run the business and how to handle challenges that the business will certainly face at the beginning of the business.. So I always encourage people who do not have money to start a business to go and partner with others who do not have much ideas but have the funds. Or on the other hand get people who are much more experienced and try to get more practical experience. So this will help us more to manage the business so well when we are left to run it on our own even if we eventually access loans. On the hand it is advisable to get a job to work for sometime and get enough resource to start the business we intend to start. This will save us all the stress that loan would cause us and the new business. But this those not mean that loans are outrightly bad as accessing loans most times helps us to be up and doing and keep us on our feet. [/QUOTE]
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Funding a business
Why you should'nt take a loan in funding a business
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