Smaller business is better to me , I can grow the business to the standard I want it to be in the near future. I personally try to avoid loans most especially when starting a very new business.
Starting small or getting a loan
- Thread starter Fatima
- Start date
I prefer starting small with the little amount I have , because I have seen what getting loan to start a business can do to you if you are not careful enough or plan your business ahead .
Going by the opportunities I am seeing in my locality and the ideas I have in mind about business I will go for loan rather starting small if I had chance.
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Going for a loan in starting a business is also a good idea , but you have to think about it twice before jumping into conclusion, and you must have another source of income to repay the debt .
Starting small and testing water is definitely going to be the best way for you to go. you can then look for a loan if you believe that the business is going in the right direction.
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