03-15-2018, 12:35 PM
[quote quote=1007]Business expansion is definitely a good step in any business. But borrowing money should be a last choice for acquiring fund for it. Borrowing money specially with high interest rates should be carefully planned. It could be a make or break, but with careful planning, you will have the right decisions on your finances.[/quote]
I am totally agree with this one, Borrowing money should be the last option where you are in the point of expanding your business. Business expansion is good sign that you are in the right track that your business will have the possibility that it will earn or currently earning higher than you are expectation. But if the case you need to borrow I should have said that maybe it is better to wait a little more time until you have enough funds to expand your business and it is good to know that you will expand your business and the earnings will be 100% yours and not 100% payment for debt.
I am totally agree with this one, Borrowing money should be the last option where you are in the point of expanding your business. Business expansion is good sign that you are in the right track that your business will have the possibility that it will earn or currently earning higher than you are expectation. But if the case you need to borrow I should have said that maybe it is better to wait a little more time until you have enough funds to expand your business and it is good to know that you will expand your business and the earnings will be 100% yours and not 100% payment for debt.