Do you believe that business can survive without taking loans?

[Stardom22]

It must be known that businesses that are being operated by the business owner's money the business ought to achieve it's goals with a kind of efficiency compared to the businesses being operated by loans. When the business starts to pay of the debt it comes down on the verge of collapsing. wha is your take on that?

 

[Suba]

If you build a business relying solely on borrowed capital, you will encounter many difficulties, especially with regard to liquidity. Even if you build a business with your own capital, once the business is running, short-term debts will arise, such as accounts payable from suppliers. So, debts don't just come in the form of money, but also in the form of goods.

 

[eLdavis]

It might be a little difficult but it is not impossible. I have seen businesses that survived without taking loans.

 

[Springtime]

Some small businesses can survive without taking loans if their sales are enough to cover the costs of the goods and operation.

 

[Starmix]

Don't manage a business if you don't have capital. It's best to save before finalizing your decision. I started my business not from a loan but from my savings. Minimize your expenses, so you can save more.

 

[aninditasen]

It must be known that businesses that are being operated by the business owner's money the business ought to achieve it's goals with a kind of efficiency compared to the businesses being operated by loans. When the business starts to pay of the debt it comes down on the verge of collapsing. wha is your take on that?

If the business owner has enough capital to start the business he may not depend on a loan but businesses with huge turnover have to depend on bank loan.

 

[Nomad]

If you have a lot of money to run a business, loans are unnecessary. Loans are required only when you do not have your own fund

 

[Kross]

There are even people that don't have a lot of money but are able to sustain their business from scratch and grow it till it becomes big.

 

[pousinha]

My small business, that now overcame 5 years, never took a single loan. It still stands and I don't see any need to ask for a loan in the future.

 

[Fidelia]

I have never taken a loan for my business and I have grown the business from small and we have now been running for six years now.

 

[Augusta]

I have never taken a loan for my business and I have grown the business from small and we have now been running for six years now.

That's right a lot of business are thriving without going for loans.you just have to be determined to make a success of your business with of without loans

 

[King Belieal]

There are many people that are completely scared of taking loans to do business and have been able to run successful businesses without loans.