There is a theory in business, usage of OPM, other people's
money. In other words, it is resourcing capital. In other words,it is taking
loans. An idea is propagated that it is essential to use OPM to grow in
business, which is right also but there are dangerous pitfalls in the way,
hence the need of some understanding.
See, loans are two edged swords, they can make you and it
can mar you too.
As soon as you take a loan from bank, your repayment to the
banks get commenced as Equated monthly Instalment's (EMI), which means that not
only interest but a certain part of the capital is out of your hands every
month, making your capital lesser forceful.
Superficially it seems that it is something good that not
only interest but a certain amount of loan is re-paid every month but
business-wise the whole process is not very wise.
You lose processing fee as the loan gets sanctioned, then
you lose the 'loan capital' every month, and if the loan does not get allocated
appropriately, you lose some part of your own capital every month.
Very dangerous process, can make you pauper, if your plan
fails or even get late or get hampered due to some unexpected reason.
Considering, all these risks, I advise you to start with a very small loan, first use it
successfully, then opt for a bigger one, then even bigger than this one, bit by
bit.
Still always keep in the mind that even the most successful
business may fall down at any time, hence be very much calculative,
considerate, moderate.
A single wrong turn taken even by a Marathon champion may
become the reason of the one's defeat.
And even if you are going to take Gold loans from companies
like Muthoot or Manappuram etc., it is not very good idea, because they will
give you only around 60% of the selling
value of your Gold and if you do not pay the interest regularly, they will
charge you even more than 3% monthly interest, and if you do not pay them the
interest for one year continuously, they will sell your Gold and will not pay
you anything if they got more outta sale of your gold what you owe them. What a
bad deal! Better sell the Gold at 100 % selling value than pledging at 60% to
these sharks.
The extract is, try your best not to take any kinda loans,
and if you wanna take, then take the smallest as possible and then by and by,
move to the bigger ones, but at some point drop the very concept of taking
loans and play with your money only.
Safe and sound!
COPY RIGHT MATTER, STEALING IS A PUNISHABLE OFFENCE, SHARING IS WELCOME. TUSHAR/ 9818018725
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