Can we run a business without borrowing?

[Sincerem]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

Sometimes we can't do without borrowing to support our business overall growth. Especially on this unprecedented time that has befall on us.

 

[Abibatabosede]

Absolutely possible, there are lots of business that can be done without investment,a typical illustration is this bizdustry

 

[Kamon c4]

Well ou my necessarily have to borrow or get a loan to start a business. Though I don’t see anything bad in getting a loan in order to finance your business. In most cases business owners acquire loans in order to facilitate the growth of their business. The only side effect of loan is its interest.

 

[Afeefah]

For someone who doesn't know how to manage his finances, borrowing money in any business is a high risk. You could get into huge problem with the debtors and your business might fail entirely.
The most important thing in any business is to know how to manage your money.

 

[nazimgcuf]

Obtaining a loan to start an unproven business is indeed a bad idea. Obtaining a loan to start a franchise location usually is a good idea. ... A business loan will often have worse terms and require lots of paperwork. Functionally, a business credit card is a form of a loan.

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

 

[Hassan14]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

Of course we can run our business without loan because we need to start the business, with a little amount But there should not be a loan amount it will be not good for your buisness.

 

[Favour67]

Starting a new business on loan is very risky because anything can happen so I think the best way is to sort for your capital in a way that you won't regret later, you can work under someone for some time in other to earn some reasonable amount of money to start up your business.
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Starting a new business on loan is very risky because anything can happen so I think the best way is to sort for your capital in a way that you won't regret later, you can work under someone for some time in other to earn some reasonable amount of money to start up your business.

 

[joy101]

I don't think is advisable to startup a business with borrowed money, before starting a business you have to plan on how you can start, you have to save money first

 

[Mrs. Rizwan]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

It is foolish to start a business by borrowing money It does not get any benefit from it. We can also start our own business with our help. Starting with less money, businesses can slowly promote business.. And one of the simplest ways is to establish a partnership with a friend or relative. Many people in our country Pakistan are making a lot of progress today with the help of the same way.

 

[Espn]

Yes, you can run a business without borrowing,but you have to start small with what you have and then gradually progress, at first it might look like you are not moving forward. But with consistent effort, the business will grow.

 

[Saqib Ajmal]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

When we want to grow our business by borrowing money from someone, the person who will do it for us can also receive it from us and then we may have to close that business to give him my loan. It is better to start a business with as much money as you have, so debt is a big loss

 

[Bilal0087]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

I think it is not right to start a business by borrowing money from someone because in this way you will always feel pressure to return money and you cannot pay attention for growing and developing your business.
so start your own business with your own money.

 

[kaychiz]

When starting up a business it is actually possible to start without a loan if you decide yo start small. But most times for you to expand the business you may likely borrow.

 

[chalcedony8]

Running a business without borrowing is the best and also the most advisable, when is borrows money to run a business, the business bodies somehow stagnant as a Lil the profits incured as used in paying the outstanding loan. But a business will grow more and faster if it stays away from borrowing.

 

[chicnthin]

If you have a lot of capital, yes it is possible. It's even better to own a business that is completely loan free. However, even big and profitable companies take a loans to finance or expand their business.

 

[Donkiz]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

Starting a new business with borrowed money is a huge risk which is not advisable. Most businesses borrow money in other to expand their business, and borrowing from family and friends is always better than from banks and loan sharks because of high interest rate which they usually attach to the loan.

 

[Peterlight]

I haven't seen a successful business who did not borrow money while starting his/her business, I can say 2% of them only started without borrowing but are nowhere to be found

Every successful/billionaire business man and woman had to borrow enough money to fulfil their dreams.

 

[Shamila Asif]

it is difficult,but you can do ,you can use whatever savings you have(in your bank account) or you can liquidize your equity(shares and bonds) and use that as money as capital for your business.it is better for you.

 

[Nimra Saeed]

Borrowing things is part of every business, but in business it is difficult to move forward when you are not owned. Every business in Pakistan is run on a loan basis. People take things and give more money after a while. Can a business friend read this way very quickly or will it meet the needs in time?
Tell us what you would like to say about it۔

No, It's not necessary to get loan or borrow money for business.Sommetimes our business men are too much rich that they find no need to borrow money or to get loan for businesses.But some poor Business men need to do so.

 

[Ojonuyo]

Absolutely, it is possible. It all depends on the owner of the business and his or her plans to see the business prosper. Borrowing to keep a business moving is comes with High risk hence, it is advisable to settle financial factors before lunching your business.