Community » Forum » Business » Good Idea or Bad Idea

masterplayer833   VIP
Mogul
USD 178 174.86
Taking out a 50k loan to start a bank.
masterplayer833   VIP
Mogul
USD 178 174.86
Please answer with either: Good Idea, or Bad Idea.
spacetinker   VIP
Mogul
USD 133 052.83
i'd say a bad idea
masterplayer833   VIP
Mogul
USD 178 174.86
I though so.
Eram   VIP
Tycoon
USD 988 817.55
Bad idea
Some people take loans and don't pay
masterplayer833   VIP
Mogul
USD 178 174.86
Ok.
franiiu
Pleb
USD 0.00
Bad idea
masterplayer833   VIP
Mogul
USD 178 174.86
Taking out a 20k loan from a bank you own at a high interest?
lololol   VIP
Mogul
USD 499 064.25
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