Wondering ??
By NickName
@kuyawkong (5)
October 25, 2022 1:11am CST
Hey y'all, I'm currently on my last year as a university student and I'd like to start a business after I graduate.
Is it better for me to start my supposed "apartment" business by getting a loan? or should I just save up for a couple of years before starting? I'm really confused. Your advice would be greatly appreciated.
6 people like this
5 responses
@LadyDuck (470819)
• Switzerland
28 Oct 22
@Inplay123 It is better to have some money, to cover the first months of your new business.
1 person likes this
@Inplay123 (119)
• Nairobi, Kenya
28 Oct 22
@LadyDuck Sure doing business is taking risks hence one needs to be packaged in different ways.
1 person likes this
@kuyawkong (5)
•
25 Oct 22
I was planning on constructing an apartment that could serve as a passive income, but I don't know if it'd be worth to take a loan from a bank since the interest is quite high "6.2%".
@Fa_Maverick (9487)
• Australia
25 Oct 22
Guess it depends where you live for mylot to be an income just recently I came across a pair of pants that were in a currency (I dont remember which) and converting it turns out the pants cost less than 11 cents.
Well you need money to get a loan and you need to prove that you can pay it back. If you dont have a job I think itd be unlikely that a bank would willingly give you a loan without a guarantor and you dont want to go to a loan shark.
Poke around mylot there are probably posts about earning online around the place maybe the person who made the posts can point you on the right direction.
@Dreamerby (3912)
• Calcutta, India
25 Oct 22
I think it's better if you take up a job for a few years and then start the business. Meanwhile you can start working on the layout of your business idea...
