I can totally agree with this opinion. Starting a business with loans or debts is a complete failure. It can go wrong and lose all your funds. And you need to be prepared for all losses and, in case of loss, do something else to grow your business.
To start something we will have to take risk first as no one know what will happen next if he will win or lose in his businesses so everything has a beginning point that we all have to go through starting investment is also full of risk you may lose or win but to be successful you will have to be ready for facing risk. Loan taking is not suggestible but still I would take loan not so big loan but just a miner that I can afford to lose.