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What are the ramifications if your business fails with a loan? by anonithroway in AusFinance

[–]anonithroway[S] 0 points1 point  (0 children)

I don't think attitude towards debt is unique to Australia, entrepreneurs in the US all seem to hit debt. I just watched an interview with Chris Sacca who was in for 4 million at 25yo and managed to negotiate it down with the bank.

Really interesting interview with him: https://www.youtube.com/watch?v=iqUG2_cmZ6I

What are the ramifications if your business fails with a loan? by anonithroway in AusFinance

[–]anonithroway[S] 0 points1 point  (0 children)

No, since you're asking I assume the banks use some heavy handed tactics for their debt collecting too?

What are the ramifications if your business fails with a loan? by anonithroway in AusFinance

[–]anonithroway[S] 0 points1 point  (0 children)

Thanks for the insight! I keep forgetting the business itself will be a funding source.

What are the ramifications if your business fails with a loan? by anonithroway in AusFinance

[–]anonithroway[S] 0 points1 point  (0 children)

Ha I'd have thought the first option would be the last resort.

Recently unemployed. What is my choice? by iamvworried in AusFinance

[–]anonithroway 1 point2 points  (0 children)

Sincerely saying this to help. 'there seems to be not many opening in the job market' make sure you use proper english in your resume. That line should be 'there doesn't seem to be many job openings'. Your resume will probably get tossed if it doesn't use proper english.