Is it wise to take a loan from the bank to start a business?

What if I don't have any money in my bank account?

You take a loan to start a business.

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So let's talk about you take out a loan or not.

Now, here's my belief.

And some people don't believe my believe, and that's okay.

I believe that if you cannot make money without money, you probably can make money with money.

If you are starting a business and you need to borrow money to start for most people, chances are he means that you don't know how to generate revenue.

Yet I have never borrowed any money to start a business at a time.

I started with no money, you know, to generate income and revenue in a business you need to be able to sell.

And if you don't have the ability to sell too close to get customers, more money doesn't help.

I believe you should raise capital, and this is just my belief.

You don't buy my belief, but I believe you should raise capital when you don't need money.

When you are already have something that's working and offer, you're getting traction.

The marketplace that you want that money in order for growth, you know, to expand, you know they're quiet Maur customers.

Now this is the only It is not the only way to make money.

Their companies out there where in the tech world they're raising money.

They are.

They are putting, you know, investors money into the ventures, and then eventually they want to sell that.

That's fine.

That's a very particular strategy on its own, and it only works in certain sectors.

I'm talking about now, generally speaking, so don't worry about if you have money or none, right?

Worried about your skill set, and this is also what I teach in my unlock it book in terms of the well triangle.

If you've got no money, $0 instead of starting a business, what you focus on is working on developing the high income skills.

First, it's a skill that pays the bills, but he's got some money coming in.

Then you can take that money and then start your business if that's what you want to do.

If you don't know how to generate money, more money doesn't help more money, only guessing to get faster right?

You only fail faster, accelerates your failure rate when you've got no money, it forced you to be resourceful.

Is forces you to think outside the box.

It forces you to be creative.

It's not so bad, because at the end of day as an entrepreneur, what we do is we think outside the box right we use the resource is that we have sometimes a very limited to create some kind of results to create some kind of products, to deliver some kind of value to the marketplace in exchange off money.