Are business loans the devil? Find out…

‘Would you take out a small loan to start a business? Or slowly build it up over time?’

‘Would you take out a small loan to start a business? Or slowly build it up over time?’

You can absolutely do it either way!

From my perspective, it does depend on the business and whether or not you’re buying an existing business etc.

I personally have never had a loan and I don’t own a credit card – I’ve never even had a credit card – and I’m really proud of that.

When I started my spray tanning business, I had a full time job.

I had $500 in my savings account and I spent $500 on my first tanning kit.

And then I worked at building that entire business up, including the multi-million dollar business that I have now – with no loans.

I’ve never had a business loan, I’ve always only bought something when I had the money.

That is what feels good to me.

Reason being is I believe that you should be able to sell something from a business to make the money you need to re-invest in the business.

What do you think?

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