Debt and the death of your Business

#whatilearnedinbusinesstoday no 1

Most businesses have cash-flow problems  somewhere along the line. They make use of debt to overcome their cash flow problem’s in the short term. Some businesses manage to resolve their cash-flow problems and move into greener bank balances. Some fall into the debt trap and never recover and die. Be very very careful when you need to go into debt.

“Debt is a terrible Master”

 

Bill Gates : “The most meaningful way to differentiate your company from your competition, the best way to put distance between you and the crowd, is to do an outstanding job with information. How you gather, manage, and use information will determine whether you win or lose.”

You don’t get paid for the hour. You get paid for the value you bring to the hour. ~ J.Rohn