MBA393 Q&A Weekends: My business is not doing well. Should I take out a personal loan?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 27 September 2015

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

We all worked so hard for our business and we don't want to see it fail. If it is under a financial stress, everything else in our life is greatly affected too because our business is so personal. When this happens, some of us often think about taking out a loan. But do we have to? Are there alternative solutions? We need to point out some things when taking out a loan so let's get into it. Play the episode now!

Transcript

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0:00.0	Heyo! Welcome to the Hunter Army Show and today is a Q&A weekend's episode where we answer your question
0:16.0	right here on the show. If you have a question you want to ask, just email us at contact
0:20.6	at 100 MBA.net or you can send me a tweet on Twitter. My handle is Biz Republic, Biz
0:26.6	I Z Republic. As always, I'm your host, your coach, your teacher, Omar Zenhome.
0:31.3	I'm also the co-founder of the $100 MBA, a complete
0:35.2	business training and community online. Make sure you check out our free course
0:39.3	on idea validation. You can have full access to a full seven-part video course with the
0:44.6	workbook that goes along it's actually a course right from the inside of the 100
0:47.8	MBA but it's yours for free because we know how important it is to nail your
0:52.1	business idea.
0:53.2	Check it out at 100 MBA.net slash free hyphen course.
0:57.8	Today's question comes from Joy.
1:00.0	And Joy asks, my business is not doing well.
1:03.0	We're in a bit of financial trouble,
1:05.0	and I'm thinking about getting a personal loan
1:07.0	to help get our business back on track.
1:09.0	Do you think I should take out a personal loan
1:12.0	to help the business.
1:13.7	Joy, first of all, I want to say I feel for you.
1:16.3	Financial stress, financial worry, financial pressure
1:19.8	when it comes to your life and business, it's not easy. And sometimes I feel it's even
1:24.7	harder with your business because it's so personal. You've worked so hard to
	...

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