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The Water Cooler
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Automation
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<blockquote data-quote="ConstitutionCowboy" data-source="post: 2962203" data-attributes="member: 745"><p>There is this thing called "risk.' It's something entrepreneurs face up front and deal with and when the market likes what the entrepreneurs have put forth, risk leads to profit. Banks take risks with entrepreneurs all the time. Some win, some lose. Being in debt does not guarantee success. If it did, everyone who decided to "take a risk" would be in debt. Debt will not carry one through the lean times. Reserves will, but not debt.</p><p></p><p>I took on debt twice with my first business. When the business field I was in took a dive, my business couldn't meet its debt obligations and I had to shut it down and liquidate to clear the debt. Never again. I didn't go into business again until I had what I needed up front. I've been successful ever since. I have been able to flex with the markets and stay afloat even though at times the business had nothing on the P&L for sometimes several months because I had no debt. </p><p></p><p>Debt is a chain around the neck of any business or family - or the people living under a government in debt.</p><p></p><p>Back to the topic at hand, even now in my little home based business, I employ a modicum of automation. It helps me produce in two weeks that which took several months when I first started. My little bit of automation didn't replace me. It made me more productive.</p><p></p><p>Woody</p></blockquote><p></p>
[QUOTE="ConstitutionCowboy, post: 2962203, member: 745"] There is this thing called "risk.' It's something entrepreneurs face up front and deal with and when the market likes what the entrepreneurs have put forth, risk leads to profit. Banks take risks with entrepreneurs all the time. Some win, some lose. Being in debt does not guarantee success. If it did, everyone who decided to "take a risk" would be in debt. Debt will not carry one through the lean times. Reserves will, but not debt. I took on debt twice with my first business. When the business field I was in took a dive, my business couldn't meet its debt obligations and I had to shut it down and liquidate to clear the debt. Never again. I didn't go into business again until I had what I needed up front. I've been successful ever since. I have been able to flex with the markets and stay afloat even though at times the business had nothing on the P&L for sometimes several months because I had no debt. Debt is a chain around the neck of any business or family - or the people living under a government in debt. Back to the topic at hand, even now in my little home based business, I employ a modicum of automation. It helps me produce in two weeks that which took several months when I first started. My little bit of automation didn't replace me. It made me more productive. Woody [/QUOTE]
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