" If you are starting a business and you take out a loan, You re a Moron" These words were expressed by an opinionated man and a billionaire Mark Cuban. Let me give you an outline of his statement.
Because there are so many uncertainties involved in starting a business. The one certainty that you have to have is paying back your loan. The bank doesn't care about your business or whoever you borrow from doesn't care about your business.
99% of small business can start with next to no capital, it's more about effort. Small businesses doesn't fail for lack of capital they fail for lack of brains. Most people are not willing to put in the time to work smart.
Remember: If you start a business you better know your industry and your company better than anyone in the world.