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+--- Thread: Business failed and landed heavily in debt - is a 2nd chance ever possible? (/Thread-Business-failed-and-landed-heavily-in-debt-is-a-2nd-chance-ever-possible--27867)
Business failed and landed heavily in debt - is a 2nd chance ever possible? - pinkypanther - 20-02-2022
https://www.bannedsite.com/post/2018/08/14/business-failed-and-landed-heavily-in-debt-is-a-2nd-chance-ever-possible
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - Levin - 20-02-2022
(20-02-2022, 02:21 PM)pinkypanther Wrote: 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.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - Bigiron - 20-02-2022
He must have taken cotton chan advice
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - sgbuffett - 20-02-2022
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.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - [[ForeverAlone]] - 20-02-2022
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.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - Sharexchange - 20-02-2022
One person only have 1 or 2 chance in life.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - Blasterlord2 - 20-02-2022
Anything is possible, it's just whether that possibility is high. From personal experience, that possibility is low for the majority.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - [[ForeverAlone]] - 20-02-2022
(20-02-2022, 04:54 PM)Sharexchange Wrote: 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.
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - pinkypanther - 22-02-2022
(20-02-2022, 03:02 PM)Bigiron Wrote: He must have taken cotton chan advice
hmm what advice might that be?
RE: Business failed and landed heavily in debt - is a 2nd chance ever possible? - Bigiron - 23-02-2022
(22-02-2022, 11:29 PM)pinkypanther Wrote: hmm what advice might that be?
To start business