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Friday, March 27, 2020 12:02:45 PM
OT
To all SME business owners out there, let this black swan be a valuable lesson to you.
You should have (3)full months (minimum) of free unencumbered working capital for events such as the present.
Hold the funds on deposit at a separate bank and forget about them.
Forget leasing the Benz, and buying a home you cannot afford to impress fellow humans. Cut down on your mistresses, along with any other indulgence
that you cannot afford.
If that is how you operate, you have missed the point entirely!
Businesses fail more often than not due to under capitalization and avoidable debt.
So instead of being home and enjoying time off, many are on the brink of the whole house of cards collapsing upon them.
All could have been avoided!
The info is out there folks, more than any other time in history, why not use it and thrive??????
To all SME business owners out there, let this black swan be a valuable lesson to you.
You should have (3)full months (minimum) of free unencumbered working capital for events such as the present.
Hold the funds on deposit at a separate bank and forget about them.
Forget leasing the Benz, and buying a home you cannot afford to impress fellow humans. Cut down on your mistresses, along with any other indulgence
that you cannot afford.
If that is how you operate, you have missed the point entirely!
Businesses fail more often than not due to under capitalization and avoidable debt.
So instead of being home and enjoying time off, many are on the brink of the whole house of cards collapsing upon them.
All could have been avoided!
The info is out there folks, more than any other time in history, why not use it and thrive??????
Not trying, is a much bigger regret than failing.
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