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How to stay away from debt in business
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[QUOTE="Kingsley, post: 211323, member: 30278"] Many people are of the opinion that there is no way a business can survive with accessing loan, which may later result to becoming a debt when they are not been paid back as at when due, as this may sound true in some situation, I still believe it is possible to live without accessing loans, there are somany organization I know very well that do not depend on loans and they are doing very fine. One of the ways we can do away with debts and loans is by living within your means and trying as much as possible to different between needs and wants, so it always better to go for what you need rather than going do what you want. Then in a case where it seem impossible and you feel tempted to make some borrowings then it will be wise to get a very good plan on ground to pay back.I back in good time. Although I know the situation of things here is terrible and to be realistic, it will be difficult for business organizations not to borrow, the inflation is so high and to keep up with the situation one must borrow but always make good plans for repayment. [/QUOTE]
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