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Many are scared of collecting loan for business but prefer to beg their uncle for little cash. This few steps will guide you on how to loan money and grow your business, then cut off collecting loan, reinvest all that is available..1. Make sure you have a good business before collecting any loan. If you don't have any, first sale your phone or your bed to start business which should run for atlest 6 months to a year..2. Get a very secured site or shop and mount as Establishment. Note that banks don't care even when you say armed rubbers collected all your money or run away with your goods..3. Observe your daily income and compare it to your weekly and to your monthly income.. For example, if you do realize at least constant everyday 2k> 10k, go for a loan of 20k >40k and make it a short term refunds like one or two months.. Repeat same amount for 4months. Keep up to two different accounts one for business and other for private savings.. For each loan that you collect, save 5% of it in your private account. And when you discovered that this amount is very flexible for you in exchange after every refunds, then increase the amount after the forth month. But if not, just maintain same amount for 1 full year so not to feel any heat. People usually make mistakes by constantly increasing amount of loan without monitoring, And will later be a heavy burdens..4. At the level of collecting from 100k to 500k, At this grow your business to be Production, Wholesales, Importing and exporting. Don't border to open new branch and maintain this level for 2 years. Control your means of transport cost also..5. At the level of 1m to10m, buy a land and build smaller/medium shops or hostels or apartments, based on the environment. Maintain this level for 10years and place the entire property for sale, when the price of the property reaches x2 of your bids, sale it and buy a large space and build manufacturing or invest in real estate. Maintain this level for 10years and so on. (MCG Technology™ Aug 2025).
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