Shigobad20201
Captain Junkie
Depending on the largeness and the quantity of the business you are trying to run , if its a big company and you don't have all the necessary amount of money to start ,then you need a loan
Register or log in to explore all our content and services for free on Admin Junkies.
I'm of the same view as you. I'd rather start my business with nothing than go out to borrow. The idea of always having to pay interest should discourage everyone from doing thisI would never start any business with loans from bank, This is my personal opinion, because I have seen how many Banks treat their debtors, most people that start a business with loan don't usually have peace of mind and the collateral they give in exchange is also big
What did you see to this?
You have made a very good point. It's actually better to start small instead of borrowing to finance a business. There are too many unknowns so it's better you don't fall into loan traps.I would never start any business with loans from bank, This is my personal opinion, because I have seen how many Banks treat their debtors, most people that start a business with loan don't usually have peace of mind and the collateral they give in exchange is also big
What did you see to this?
It's better to start small with your own money than to obtain loans from banks or financial institutions. Most of these loans come with high interest rates and you might struggle to repay on time.Personally my opinion on this is simply this, Never ever take any kind of a loan to start your business. A business is never started with borrowed money.
Most of business loans charge a big interest rate that the business cannot stand. Most businesses end up collapsing because of these and other reasons.
One of the thing most business person do not really understand is that for the health of the business and for the owner not to be in uneccessary presure,it is not advisable to go for a loan for a new start up.It actually depends on the Choice you are willing to make ,I guess most actually do start small and at the end get the required benefits ,with a good management of the business ,if you started either small or big you would get the advantage
For me I prefer starting my own business with my funds not idea of taking loan because is very very risky, paying back the loan for be very difficult that is why I don't like the idea of taking a loan to start up a business.Getting a load to start a business is sometimes risky what if the business did not yield has expected then one will b ib debt ..so my opinion if you can get a loan to boost existing business or rather you start with small capital
I prefer starting small to obtaining loans from banks or other financial institutions. Loans would always put the business under pressure to succeed and it might be counter-productive.Depending on the type of business you are aiming to start in your line of business , if the business requires huge amount of money , then you need to sort for anither source of funding which might be getting a loan .
I prefer starting from small business instead of taking a loan to start big because when you start with small before you know the business will become, when you have a good planning.i would say start small, you will learn a lot in your journey to increase the size of your business and you will gain experience, loans are risky and comes with interests to pay later which makes you spend more money
Starting small might be difficult but it certainly has it's own advantages. You wouldn't have to worry about repaying loans obtained from banks and other financial institutions.I prefer starting small , like starting from scratch and building my business from a little and gaining confidence along the way , rather than getting a loan from the loan shark .
I would never advise someone to take a loan to start a business. It is usually risky and most loans come with high interest rates and they usually require collateral which you may not have.Starting small might be difficult but it certainly has it's own advantages. You wouldn't have to worry about repaying loans obtained from banks and other financial institutions.
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.