Business Debt And The Economy
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daryle
Apprentice
Joined: 11 Dec 2005
Posts: 7
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 Posted: 11/08/07 - 10:25 Post subject: |
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| Every day I hear of more and more people going in debt. I guess it is a very tempting when you have a good business idea and way to finance it. You expect that the economy and the market will work for you. Is it a good idea to for example mortgage your house so you could start you dream business? Are the debts something that comes from the way the economy acts or is it a simle human mistake? |
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stearn
Apprentice
Joined: 05 Jun 2007
Posts: 7
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| Posted: 12/07/07 - 22:17 Post subject: |
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| The economy works in a specific way and, in my oppinion, people are the ones that need to adjust to its flows. Often the mistake is when the business plan is not solidly written and taxes and paying back the credit are those factors that will get you in a debt. Most of the people dont think small yet they want to become millionaire over the night. The important thing is patience and faith. Good marketing, stabile financial construction and a plan for business growth will create natural business prosperitus. When cash flow from business itself is used for financing further growth you will not get in a debt. If you respect the rules of the Economy you will be debt-free. |
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