In this video, Mark Cuban explains why you should never take a loan while starting a business ✔️✔️ – Full Clip: …
source
In this video, Mark Cuban explains why you should never take a loan while starting a business ✔️✔️ – Full Clip: …
source
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30 comments
Says small business should start without loan. Then says as a big business, I'm going to take you out of business….
How much bad advice can be given at one time?
Small businesses tend to fail because big business eats up their revenue.
Don't trust Rachel maddow
Its half right half wrong what he says.. many big companies today, their history they take a loan..
"You better realize that im working 24 hours a day to kick your a**"
Kind of a quote
He's saying that only to steal someone else business
Bs
Not true
Certainty odf Mindset is what NON of these Guys tell u us Key
Stopped listening when he said he works 24 hrs a day
He is right most people think business are easy you have to work hard at least you have to have experience for 4- to 5 years in that endustry if you going to take loan because you will add that interest money inside the product if you want to make profit if your competitors have already money you cant sell with their price. And you are in trouble
One billionaire says never use a loan while the other billionaire says learn to leverage borrowed money to create positve cash flow.
He is Moran
Great advice – and why would anyone think that starting a small business requires ZERO risks and uncertainties.
Any ideas on where to buy reasonable priced coolers for a convenience store?
What a joke! You need capital to start most businesses. Capitalism has turned away from coming up with a solution to a problem and building a business around it. Now it’s become you have to have decent capitol to even be able to take a swing in the game.
Exactly
Absolute nonsense
What about taking out a business loan for a business you already work for and said business has existed for decades already? I want to take one out to take over the store I manage, but there no way in hell I'll ever be able to save six figures to pay for it upfront.
how about an Asskicking business!😅🤔
I'm trying to start an airport shuttle bunsiess carrying people from airport to main city, how tf do I not start with capital, mark you're the idiot
The biggest problem with a business is that generally you have to do it alone because most employees will steal or start a company with your products
Happened to my dad about 6 times
Dankote started with 3000$ borrowed. Now he is richer than Mark. 2 times actually. There is no general truth to become a billionaire. Everyone one has his path and skills . I'm not a billionaire but at least i understand that.
Loans are free money in real estate….
This is completely untrue. I started my massage business with no loans and ultimately decided to get rid of it after a couple years cause the taxes are so high where I am. Basically, 50% of my income was going into savings for taxes. I’ve been doing massage for years and am well acquainted with the industry. The problem isn’t that everyday people are ‘moron’s,’ the problem is that small businesses get taxed to hell while Uber rich pricks like this get off with paying little to no taxes because of their position of privilege and exorbitant wealth.
This is so good exactly what I needed to hear
I can’t speak for startups but whether or not you take out a loan is a very simple cost/benefit equation.
Take out a loan use it as lowest down payment on a new car and rent the car out out for the whole month aside from that you keep the extra as emergency and help out if a month is needed to be payed for the vehicle but if you go with the right vehicle and not some cheap you can get a free car that pays for itself and also passive income on the side and with time that fist loan will be payed off wich that’s perfect for your credit
Mark Cuban is kinda dumb 🫣
I think what he's trying to say is , don't take a loan to experiment. Take a loan when you're sure you'll succeed.
Weighted Average Cost of Capital?? bruh