BUSINESS
At times it is necessary to take on debt to get ahead. How do you distinguish between good and bad debt?
No debt has been necessary.
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We don't take on debt. End of story.
I think good debt is something that is an investment to deliver return and growth. Bad borrowing is for a lost cause.
In extreme circumstances but a good business person/entrepreneur can always find other means and never go into the red.
Education debt is good debt, make sure that you control your spending and focus on your values when deciding to take on debt.
Study of short-term liquid assets and current liabilities. Consider whether there are assets owned by company size and stature to.
You find the answer to this question too late when deep recession hits!!
I have never wanted to be in debt, this will most likely mean that I will be taking the long road but I'd prefer that than owing a bank.
No debt
This is really not easy and everybody should speak with his Account Manager
There are times you need to make a healthy investment in something. As long as you identify the risk and diligently plan out the costs/revenue and understand when you expect to be profitable it's something that can certainly be successful.
Before taking on major debt you must do the sums, honestly, looking maybe three years forward and the realistic numbers before committing
Im really not a big fan of being in debt because I saw what my mom had to go through to get me here today andbibknow what's like to be in debt of people I saw my went to it all and I really don't want my self to be in that shoes that's whybim standing tall and doing what I enjoy doing helping others to create a strong energy to carry everyone to the top. |
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