Is it wise to take a loan from the bank to start a business?

Some people don’t believe that if you cannot make money without money, you probably can make money with money. If you are starting a business and you need to borrow money to start, for most people chances are it means that you don’t know how to generate revenue.

In order to generate income and revenue in a business, you need to be able to sell. And, if you don’t have the ability to sell too close, to get customers, more money doesn’t help. I believe you should raise capital and this is just my belief.

But, I believe you should raise capital when you don’t need money, when you are already have something that’s working. Often, you’re getting trapped in the marketplace that you want their money in order for growth, in order to expand, you know to acquire more customers. Now, this is not the only way to make money, there are companies out there. We are in a tech world. They are raising money. They are putting investors’ money into the ventures and then eventually they want to sell that.

That’s a very particular strategy on its own and the only in certain sectors. So, don’t worry about if you have money or not right. Be worried about your skillset. If you’ve got no money, zero dollars instead of starting a business, what you focus on is working, on developing the high income skills first. It’s a skill that pays the bills. When he’s got some money coming in, then you can take that money and then start your business. If that’s what you want to do, if you don’t know how to generate money, more money doesn’t help.

More money only makes to get faster your failure rate. When you’ve got no money, it forces you to be resourceful. It forces you to think outside the box. It forces you to be creative. It’s not so bad, because at the end of day as an entrepreneur what we do is we think outside the box. We use the resources that we have; sometimes very limited to create some kind of results, to create some kind of products, to deliver some kind of value to the marketplace in exchange of money.

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