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[Razor1911]

It is a very important topic which most of the business owners fail to focus into. In any kind of business, there is time when you have to take loans. Loan is not a bad thing, for expansion of a business you have to take loan sometimes, which many of the the leading businesses takes normally.

After starting a business, people start to generate profit. As a business owner when you start your business, and start to generate profit. Will you invest the money for savings, aur will you pay your debts first. Which one will you prefer?

 

[Kennysplash]

Don't start paying off loans immediately you realize profits. At least the loans have time limit which is not so soon. So find ways to invest your profits for more profits. You will sort out the loans later.

 

[kaycee001]

It depends on the conditions attached to the debts. If u take loan to start a business and agreed to pay up at a stipulated time then i think you should pay up rather than investing the funds again to make more profits. I think you honored an agreement and earned respect by keeping to it.

 

[a_jerobon]

I think I will pay the debts first before I start paying myself. You know the nature of most loans is that they keep accumulating as times goes by that you have not paid. So it is better to pay debts first then enjoy your profits the rest of the time.

 

[microunit]

This should be a no brainer that you should always clear your debts first before starting a business, but sometimes you can't really clear that if you have no constant stream of money form a business

 

[shrey1408]

Mate, you would only be able to clear your debts, once you have started earning good money and have a constant cash flow.So earn money first.

 

[BullyMaguire]

Personally i don't wanna start of my business with debts. And im debt free currently.. but if that's the case i will pay the debt first because it can grow

 

[GoldenLady]

It is a very important topic which most of the business owners fail to focus into. In any kind of business, there is time when you have to take loans. Loan is not a bad thing, for expansion of a business you have to take loan sometimes, which many of the the leading businesses takes normally.

After starting a business, people start to generate profit. As a business owner when you start your business, and start to generate profit. Will you invest the money for savings, aur will you pay your debts first. Which one will you prefer?

After taking loans, it's best to pay off that debt before saving. Once you start saving, it feels like all of the money is yours, and that can make your interest to keep on increasing.

 

[BullyMaguire]

After taking loans, it's best to pay off that debt before saving. Once you start saving, it feels like all of the money is yours, and that can make your interest to keep on increasing.

This is true. Also debts if not taken care off.. it might even grow with interest which will be harder to pay off if not payed as soon as possible

 

[shrey1408]

This is true. Also debts if not taken care off.. it might even grow with interest which will be harder to pay off if not payed as soon as possible

Yeah mate, though interest is major problem, if you don't earn first then how will you even pay the dues, interest can be payed, but earning is a major thing.

 

[Ranamal]

If we earn good money with business Clearing the loans as quickly as possible is the best thing, if we do late Loans will bring us More interest To pay off

 

[shrey1408]

If we earn good money with business Clearing the loans as quickly as possible is the best thing, if we do late Loans will bring us More interest To pay off

But mate, it's never that easy to earn money very fast, you will earn slowly, so invest money in assets and then clear the liabilities.

 

[shrey1408]

Well! First of all we must be aware of debts, which is not possible for business people's! As a business owner I look for profits if no profits I can't clear my debts later I will clear by loans one by one!

Yeah mate, that's a great ideology, as only then you would be able to clear all your debts and also run a successful business for long time.

 

[Anthony Rapp]

Very often, in order to start their business, people have to take a loan, and sometimes not one. However, if a business immediately begins to make a profit, then a person immediately calculates with his loan and begins to earn already for his needs. If you are interested, you can read on the site https://zebrafinance.com/idaho-id. I took a loan here for my needs and liked both the conditions and the service. I opened my business and settled pretty quickly.

 

[shrey1408]

Absolutely buddy! Every one dream run successful business with no debts, but which is never possible! If we clear all those problems asap possible, later we had successful business on our path!?

Yeah mate, it's all about time, some time you earn and some time you don't, but always remember why you started it in the first place.

 

[shrey1408]

Well buddy, that's what I meant to say when we earn or loss we must have dedication on our work! Always be faithful on our hard works!?

Yeah mate, sooner or later hard work does pay off, so work hard are earn profits and then clear your debt all at once only.

 

[BullyMaguire]

Yeah mate, though interest is major problem, if you don't earn first then how will you even pay the dues, interest can be payed, but earning is a major thing.

Thing is in business you need to adjust everything in the first days or week some even months to get the hang of it. So no solid income at first. Maybe half to profit and half to debts

 

[KevinHVG]

As a business owner, i would prefer paying off my debts first. It calms the soul, makes you think straight and is the right thing to do. I like working hard because it's nice to earn your own profits and it keeps me away from bad things. I also use this method for 9 years now, i recommend this!

 

[Godspower2]

Everybody has their own way or techniques of doing things. You can choose whatever that works for you. But if it was up to me. I would suggest earning before clearing my debts

 

[Slimdaddy]

My advice to business owners who might have taken loan from banks, my advice to them is for them to clear up there debt first before they can concentrate on there earnings because if you don't clear this debt and you start your own business you must make profit and you must make lost. So if you start making that lost now it'll be hard for them to recover their money and pay their debit but when you are finish paying there debt and you're not making profit that is when you begin to enjoy the business.