First pig: his home was built of straw
Second pig: his home was built of sticks
Third pig: his home was built of bricks
- Are you going into high debt to support your business idea?
- Are you creating a literal “house of straw or sticks” that will come tumbling down at any given moment?
Let’s think about alternatives to the above, debt-ridden path:
Have you worked in the type of business you’re hoping to build to be absolutely sure you really love it?
Would you be able to start your business in a smaller debt-free way instead of going down the bank loan or 2nd mortgage route?
For instance, could you kick off your business in a home office or garage?
What exactly are you jeopardizing by going into debt to support your business?
1. Could you lose your home?
2. Would high debt cause high stress?
3. How does your spouse feel?
4. Who else would be impacted by your decision?
Building your business and going into debt is like building your house on sand. Sooner or later, it will collapse with enough trouble or stress. This is a true Biblical principle (1 Corinthians 3:10-15)
Leslie Williams
Leslie Sansone Williams is the CEO of At The Beach VA. She lifts away the worries of very busy business owners by assisting with websites, teleclasses, eNewsletters, eBooks, Kindle books and eNewsletters. Her specialty is WordPress and her goal is to simplify technology for all business owners and freelancers. She has been running her online business full-time since 2003.
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