My dream business
My dream business has always been starting a more prominent beauty cosmetics company of my own. If I needed $1 million for this business, the first place I would fo a loan is from the bank. I will take my papers and everything required and then apply for a loan to at least get half the money that I require. This will be the best thing to do, but there are various risks involved. First is that I will incur a lot of interest while buying back the money, and secondly, if I was to lose my business, then I may not be able to pay my loan, and this could lead to the bank taking my personal properties. The second place that I would look for to outsource these funds will be from my parents. I will go for my parents to ask for a loan from my inheritance if things become worse. One benefit of asking this money from parents is that since they will be giving part of what I would have inherited later, I may not have to pay it with any interest at all. The risk that I might run into is that if I lost the business, I would have lost all my future inheritance.