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Reply To: Is it possible to run a debt free business? 

 

By  Reshmika Christopher

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Avatar of Reshmika ChristopherReshmika Christopher
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Debt is always a stress or a burden which haunts a human being.Due to certain circumstances it may not be possible to start a business without borrowing money,but it is possible to make a sincere effort to cover the existing debt with the operational efficiency of the business.

Then,once all the debt is covered you can start afresh and make sure that there arises no possibility wherein you become a borrower.

In order to become debt-free you need to improve the efficiency of revenue generating processes,reduce operating expenses etc.

Unfortunately in a difficult economy, too much reliance on debt has become a way of life for many businesses.So,let us take a sicere effort to be debt-free and stress-free in life.

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