Sometimes the largest and the biggest institutions like Bank, Insurance company etc. ran out of cash. Even these institutions borrow money to balance the nation’s economy.
THINK!! If banks borrow money for an economically balanced nation, then why an individual like us hesitate to borrow money.
BUT WAIT!
If the borrowing is done recklessly / carelessly / without any calculated risk then the lender (from whom you borrow) may put you in trouble legally/illegally.
For all those queries about
- Debt
- Is debt good or bad?
- How to manage debt?
- How to calculate debt?
- How to come out of debt trap?
….and many more with real life examples are covered in this e-book.
More precisely this book will help the readers when to take loan, how to take loan for your startup. It teaches to maintain balancing your expenses and avoid borrowing.
It distinguishes the basic difference between a good debt and a bad debt with proper examples.
Detailing of the Archimedes quote about the debt with the real-life examples. Sometimes borrowing is profitable!! Is also explained. On another perspective borrowing may ruined you!! Is also detailed with the examples.
Ways to come out of debt trap are also explained.
But remember, debt or loan are also a vital part for a successful entrepreneur.
Hope the readers will enjoy this book.
Sanjib Sahu (Born on 12 Nov 1997), is an Indian youngest entrepreneur from Rourkela, Odisha. His highest qualification is Graduation having botany as his main subject. Currently running a business from mid-2020.He loves to read and watch financial books and stories. He also gains interest in reading the financial scam, fraud, money laundering stories. His friends are also business minded. He has a separate friend circle that made intentionally only for business purposes. They sit together and throw different business ideas. They find out pros and cons of that particular business and if everything goes well, sooner or later they enter market with a prepared plan. Sanjib plays badminton for fitness, love to watch Netflix, love to watch theatre. Currently his daily schedule is running business, playing badminton, collecting business ideas from friends, reading business magazines, then to the bed and REPEAT.
SubhraKant Sahoo is an Indian Entrepreneur, Film Maker, Producer & Director . He is known primarily for his work in Odia films and Music Videos . SubhraKant Sahoo is also known as the CEO & Founders of Olly Plus, MakePrint.in & OOSYM Media. Born : 30 July 2020 .