[pinkypanther]

https://www.bannedsite.com/post/2018/08/...r-possible

[Levin]

Business failed and landed heavily in debt - is a 2nd chance ever possible?

Possible. Such cases were reported several times in newspapers throughout the decades.

But I think there are also many who never made it after the first failure and in heavy debt but not reported in the newspaper.

So yes, possible but I think the possibility is not high.

[Bigiron]

He must have taken cotton chan advice

[sgbuffett]

Before one even take one step to invest or start business plan carefully.

Because you are taking risk you need to plan for worst case.

When starting a business you need to make sure the failure of the business does not dig too big a hole for you that you cannot crawl out. If you need funds don't borrow... get a partner that is financially strong.

Too many businesses are started in a haphazard manner with insufficient planning and poorly funded once you get desperate and need to borrow....you enter a situation that you put your future at risk.

[[[ForeverAlone]]]

A lot will go back working as employee and tell u " better be employee " than employer.

I read before some is go back work as employee " lucky they got job that pay decent wages of course depend on individual education levels , skillset etc "

than they pay the debts and save on the same time , come back startup business and learn from the past mistakes what to avoid and " da da , successful lor " BUT of course is not everyone.

[Sharexchange]

One person only have 1 or 2 chance in life.

[Blasterlord2]

Anything is possible, it's just whether that possibility is high. From personal experience, that possibility is low for the majority.

[[[ForeverAlone]]]

One person only have 1 or 2 chance in life.

they will use KFC " not our crap tony tan " as an example.

KFC founder finally success at 60+ when he found KFC.

[pinkypanther]

He must have taken cotton chan advice

hmm what advice might that be?

[Bigiron]

hmm what advice might that be?

To start business