WhiteHouse
Captain Junkie
NOPE! Do not take a Bank loan when you start your business
Everyone thinks that when you take a bank loan you will have the money to launch your business and when it launches off the ground and becomes successful they can pay the loan back
That plan for success may end in failure, everyone thinks of success and wealth when they start a business but no one thinks about failure and poverty
If your business fails, that Loan you took will put you in poverty, you can’t pay it back because most to if not all your money was invested in your business.
Don’t take loans at the start and Don’t take funding from family and friends at the start because if you do and things go wrong, you will be a in big big problem
Everyone thinks that when you take a bank loan you will have the money to launch your business and when it launches off the ground and becomes successful they can pay the loan back
That plan for success may end in failure, everyone thinks of success and wealth when they start a business but no one thinks about failure and poverty
If your business fails, that Loan you took will put you in poverty, you can’t pay it back because most to if not all your money was invested in your business.
Don’t take loans at the start and Don’t take funding from family and friends at the start because if you do and things go wrong, you will be a in big big problem