This is why I hate my business; As soon as I walk into the business, I’m greeted by a wave of undone tasks from the previous day and quietly curse at my hard headed employees, I promise myself to fire them one of these days. Reading the paper is no longer interesting. I came in…
What is a Business Debt Trap?
A business costs money to set up and run. There are three sources of funding for business; owner savings, external debt and revenues. A business debt trap is the situation where the business over relies on external debt, and the revenues are unable to offset both the debt and recurring costs and expenses. Read How…