Business Ideas
@chipesterkhan (2925)
Philippines
March 22, 2010 11:18pm CST
Do you think it's a good idea to take out a loan to start up your business?
How much would you borrow and what business would you put up?
2 responses
@kainalu55 (364)
• United States
23 Mar 10
if there is a business you are really passionate about, and you believe you can make money doing it, i say making a loan is a great idea.
@apoljuice1 (730)
• Philippines
23 Mar 10
Why not? If you want your business to start now, it would be alright to take out a loan. If you have plans of it say 2 years from now, then save up until you'll need to take that loan so that way you don't have to take out that much on a loan.
If I had a loan, I'd set up a food business. I know a bunch of people that can cook. I'm planning to help them start the business so they can earn from it as well.
