Actually, the real meaning of business is to invest money at the right time and earn profit at the right time. In doing business, we have to know by gaining experience that when we should invest large funds, we will be able to take our business to a larger scale and then we have to invest. If we have that money, then it is good and if we don't have it, then we can take a loan. In that case, I have never considered taking a loan to be a bad thing.
If we have to create a big startup, we must not take this kind of risk or we will have to continue with traditional business.
Loans for businesses aren't bad as long as the owner or creator of the business knows that they can make enough money from the business they are starting to be able to repay the loan on time, and they won't have to do anything with the business only to repay the loan. It doesn't make any sense for one to take a loan, start a business with it, and then sell the business to repay the loan because it couldn't generate enough money. Or, if one wants to give their business some time to work, and they want to continue with it even if it's not generating enough revenue initially, they need to have another source of income that can help them repay the loan.
So, these are very complex business decisions, and they might sound easy on paper or by saying, but they are very difficult to execute. People ruin their lives and businesses by taking excessive loans that they can't repay, and then they have to give up their business when they default on the loans. So it's important for any business owner or individual to know what they are doing when it comes to taking loans for expanding their business or starting another one.
If we're going to use borrowed money to do something good, this is normal. Sometimes, capital may not be sufficient to start a business. We can raise sufficient capital by borrowing money, but the key here is to be certain we will make a profit. If we don't make a profit, repaying the borrowed money can be difficult. In such situations, it's essential to proceed with a solid plan.
As you mentioned, implementing these decisions isn't easy and requires thorough research. Business owners or individuals should proceed with a plan and strive to make the right decisions at every step when starting a new business.