Beware of your Business Debt
As an entrepreneur who had experienced losses of up to billions of dollars during the monetary crisis hit the country in the year 1997 – 1998, and the almost identical crisis, also occurred in 2008 even though the scales and for different reasons; of course I also owe it to develop business- my business, and businesses I also had my offer as collateral to secure loans, even I’ve twisted and wrapped by debt … hehehe … Therefore, I wanted to share a little about the ‘debt-debtor’ (read: real debt, Red ) with your prospective entrepreneur, or you have the courage to start trying to own as an entrepreneur.
Today, it is very rampant in various seminars and workshops about “debt-debtor ‘or something termed a’ cashback ‘, which was greeted with great enthusiasm by the participants, most of whom are new entrepreneurs start their business, or prospective entrepreneurs who already have dream big.
The Business Mentor like racing provides a variety of the best tips, how to obtain debt or cashback in large numbers, began hundreds of millions of dollars to billions of dollars. Of course, seminar or workshop of this kind was greeted enthusiastically and great expectations by the participants. Moreover, too often delivered can be done by those who are just starting a business, be payable or cashback in large numbers, even without the lengthy process and may be without collateral. This is really groundbreaking Extraordinary Prima! Which one, the breakthrough of this kind does not exist or not exist at the time I used when starting a business. Because when I start a business, in addition to saving me personally, I just rely on loans to the IMF-in-law aka … Wife … My Family, a considerable number of people and have a sizable savings, and they support me with a sincere well … hehehe …
Back to the matter of debt, I recently started to dare debt to financial institutions, whether banks or non bank; after my business running smoothly and to have collateral pledged to the financial institution concerned. And large debt was only a maximum of 70% of the value of collateral pledged, as I have no personal guarantie who would pledge himself to my business … hahaha … Therefore, I am very amazed with the steps at this time entrepreneurs, who can talk about how to obtain large amounts of debt even though they are just starting their business … It does not even need a long complicated process with many rules.
Really Extraordinary Prima! Because even now, I can not do that, how could obtain debt or cashback with great value, starting hundreds of millions to billions of dollars it is easy. My ways of applying for a loan or debt, is still a long way in accordance with the rules that exist in the banking world. Once I tried to ask directly to the management of financial institutions concerned, ways to obtain debt faster and of greater value than the value of collateral, even I diketawain … because they did not dare to violate the rules that have been set by Bank Indonesia.
But one thing I know and I ever did was to obtain fresh funding … that is not really fresh, very fresh … hehehe, that is by rolling money out of the bank statement and also uses the velocity of the use of money in my Credit Card have. I once had has 20 Gold Credit Card, and 5 Platinum Credit Card from Bank of leading the country, is that I have ever used for rolling the money that it could be worth billions of dollars. But the ways of this kind has been long time since I left, because in my opinion, it is very dangerous business and my financial dikedepannya.
I am writing this just to give you an idea just to you, especially the prospective entrepreneurs and new entrepreneurs start their business. You should be wise in terms of efforts to obtain loans or debts or cashback, or whatever his name, which obviously is still money belongs to other parties, and not entirely yours. In time you should also return all borrowed plus interest.
Business using other people’s money is fine, provided you are committed and confident that your business could go according to plan. Remember, the business still to be planned, and there is no success without planning. Things you need to understand is how your attitude at the time of starting a business? It’s very important to run your business. In addition, you also have to understand, why there is a failure in business? You also need to learn some of the causes of the collapse of a business!
Well, prospective entrepreneurs and novice entrepreneurs … bijaklah in addressing the ‘debt-debtor’ or ‘cashback’ this, use is really only planned to develop a mature business.
Controls are tight, use your Credit Card! If you twirled in the checking account money is fine to make good your financial image. But lest you be mistaken with false pride because it has a lot of Credit Card or have money of the debt, so until there is euphoria debt is not in place. Be careful and bijaklah, lest you later twisted and wrapped up exorbitant debts, and … you blame the Business Mentor who has been sharing ways to obtain debt or the cashback. Business Mentor only be providing motivation and inspiration to you, while further action is 100% your own responsibility.
