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I'll be a bit of a contrarian ---
A lot really depends on your plans. But generally, if you've got a good idea, you should be able to earn a higher rate of return on your money than you're paying in interest. Certainly, for most successful internet ventures that's true.
It really boils down to cash flow: you've got to make sure that regardless of what happens on your internet venture, you have sufficient cash flow to service your debt. Otherwise, you may find the financial institution ruining your plans :-) If you have the cash flow, go for the loan.
There's also a risk tolerance factor. A lot of people can't sleep comfortably knowing they owe a lot of money.
Also, there's a timeliness factor. A year on the internet is a long time. If you wait a year to get started, your ship may have sailed or someone else may have grabbed the opportunity.
In short, crunch the numbers and if the cash flow is there and the business idea is solid, go for it full steam ahead.
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