E2. Managing loans in a slowed down economic environment as is today -Should one/a business take a loan today?
“No loan is free. The costs are in your loan somewhere. So, avoid loans, if you can!”
1. A loan is one method of financing. Before taking the loan, have you considered the other options like equity investor, partnerships and creditor financing?
2. Imagine if Uchumi had got a loan for the stock it had, with accumulated interest, the company would have been in a very bad state
3. Build your business on a strong foundation. Do not rush to sign loan agreements. Understand the […] Read more