Essentially, a business aims to generate profits from its operations. However, if your venture is operating in debt, its viability can be impacted. Many businesses are funded from various loan sources during the start-up phase but issues such as increased interest rates, recession as well as a lack of credit can be a cause for concern. You will realize that your business may be struggling to get out of debt in the long run. With that being said, the situation can be compounded by the limited income that the company generates. When you are in such a predicament, you need to implement effective strategies that can get you out of business debt. If you want to learn some of these strategies, read on!
Tag: get out of debt
The real reason you’re broke | Squawkfox.com
If you’re broke, please don’t email me to whine about it. I know money sucks when you’re stretched to the limit. I know buying a house is expensive. I know credit cards can be devices of torture masquerading as shiny pieces of plastic pleasure. I know buying quality foods can cost more than buying processed crap. I know that digging oneself out of a pit of dark debt seems insurmountable. I know that school is expensive and paying back that massive student loan is difficult, especially when your degree pays peanuts. I know life is hard. I know being single is expensive. I know being married is expensive. And there’s no doubt that getting divorced can be a drain too. I don’t have kids, but I hear they ain’t cheap either. Yes, working two (maybe even three) jobs is exhausting. I haven’t been all of these things. Maybe you have. But on the surface all these reasons for being broke are just the result of a much bigger problem. So if you’re ready to stop complaining about life’s circumstance, then here’s the remedy — the real reason why you’re broke.
Dispatches From The Front 