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I invested money from my credit cards for business around 20,000 AUd. was it a good idea or bad?


now business is not good.lol

Don't worry
Every body that starts a business doesn't have it all yet .

They have to get the money from other sources like banks,credit cards, even from family.

The important thing is make the business work if you have to reinvest in it.

If you think it will grow It does however take time to have a business to grow usually it will take up to 2 years,

In the mean time you might struggle for awhile but if you believe this business will work the more power to you.

It will happen if you want it to happen

Success is not an easy venture.

Your have to work hard at it

If you think your made a mistake in this business venture then by all means close it and get a full time job to pay off your credit card back.

You will be better off if you think you made a mistake .opening your own business. Just close it before you loose more money.

There will be other business opportunities for you later down the road.

Hope this helps Source(s): www.webtrafficnewsletter.com
You used the most expensive source for funds. Chech with a few Banks for a long term loan.
probably not a great idea
You have made a bad decision. Never invest on borrowed money or money that you cannot afford to lose.

One option that you can consider is to use the money that you have borrowed and maybe might have enough money to pay the credit card interest is by investing in e-deposits with HSBC Bank in Turkey. The bank pays you interest of 16 % to 18.75 % depending on the maturity period. You can even withdraw the interest that you receive on your money on a daily basis. One day rate is 16 % ( annualized ). More information can be obtained from the banks website at http://www.hsbc.com.tr/eng/

Exchange Rate as of 29 June 2007
AUD 1.00 = TRY 1.1146

TRY means New Turkish Lira
You'll see in a few months.

When the business is low, don't worry and find new ways to attract clients.

Good luck !
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