Community » Forum » Business » Good Idea or Bad Idea

Taking out a 50k loan to start a bank.

Please answer with either: Good Idea, or Bad Idea.

i'd say a bad idea

I though so.

Bad idea
Some people take loans and don't pay

Ok.

Bad idea

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