Taking out a 50k loan to start a bank.
Please answer with either: Good Idea, or Bad Idea.
5th Feb 2025 15:57:43
Millionaire USD 1 321 334.04
Bad idea
Some people take loans and don't pay
Taking out a 20k loan from a bank you own at a high interest?
i will say, as a ceo of many companies.
Loans are useless.
If it's to start a bank, bad idea.
You won't make money, too much people not paying
Second, if it's to create companies, bad idea too, I had a time with like 20 companies of food, and the problem is workers.
We lack too much workers, results, your interests will be way too high and your companies will be 1/3 full of workers
