my cousin wants to take out a loan to build a huge 70-floor corporation after he graduates
1. is this realisitc?
2. how big of a loan would he need to take out?
i don't think 70 floors is realistic, but i think it could work if he built a smaller one maybe the size of a mall
2006-07-04 02:22:31 · 4 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Maybe he could start floor by floor and start with one, maybe two.
2006-07-04 02:26:19 · answer #1 · answered by veronica 4 · 1⤊ 0⤋
everyone has to start small. image spending 50 million dollars to build a a 70 floor corporation and your business isn't successful.
2006-07-04 02:30:33 · answer #2 · answered by firestoneasetech 2 · 0⤊ 0⤋
Your cousin mentioned that "after he graduates", but did not mention a timeframe. I would assume that he wanted to first work to gain that experience first before he builds his own.
Without any track record of his own, it is unlikely that banks will lend him a single cent.
I always believe in sowing the seeds first and work towards a fruitful harvest. Personally, I do not believe in harvesting prior to sowing.
2006-07-04 03:08:25 · answer #3 · answered by JP E 4 · 0⤊ 0⤋
the bank would stop you . if u want to be a construction company learn the business by getting a job first or studying up on it.
2006-07-04 02:30:43 · answer #4 · answered by zocko 5 · 0⤊ 0⤋