However, if you start a business on the premise of debt, you certainly can't be as bold as you were at the beginning. You should investigate this project, get a deeper understanding and find out its pulse. If you are only 50% sure and do it rashly, you may fall into the abyss again, and the second blow is likely to bring eternal destruction.
If you are not sure about 100%, you'd better take a step-by-step approach. Start from the smallest, slowly, from small to large, and don't be happy with great achievements.
I have a friend who failed to open a hotel and owed huge debts. He slowly delivered soy sauce, vinegar, detergent and other items to the hotel for several years, and now he is getting better.
I also have a friend who lost a lot in opening a jade shop and later set up a stall. A few years later, he not only paid off his debts slowly, but also bought two houses. Talking to him about it that day really shocked me: it turns out that street vendors can really earn thousands of dollars a day!
So I think it is necessary to start a business, but don't invest heavily, because you have no way out, and you can't stand another blow. Start small, as long as you have confidence, you will be able to get out of the predicament and out of the quagmire!
Whether you should start a business in debt depends on your debt situation. First, if it is difficult for you to survive alone, I don't think you should start a business unless you really have the ability to have this project.
Second: I'm already in debt, and I'm going to continue my debt adventure. My own pressure is already great enough, and the pressure to continue to be in debt will be even greater.
Of course, it is high risk and high return, but this really depends on ability and even luck. If you can still bear this debt now, you can also bear the result of the next failure. I suggest you start a business! If you can't find a stable job, pay your debts slowly.
If you are willing to endure hardships, you can also find a part-time job in your spare time to increase your income. It may be bitter, but so is the harvest.
Many people think that with so much debt, how can it be clear if you don't start a business? Yes, there are two sides. What I want to say is that it is not easy to make money, let alone make money in business. Making yourself better step by step is the real success, and it is easier to seize the opportunity. If it's a small fight, it doesn't matter. When it comes to the relationship between debt and entrepreneurship, it doesn't matter much if you save more money, do more part-time jobs and pay back more.
If it is because the amount of debt is relatively large, it is not a long-term solution, nor does it really solve the essential problem of large debt. Only when you start a business can you turn over, and only when you succeed in starting a business can you turn over quickly. Give him two or three years is enough. In fact, working or starting a business is just a choice. In the case of debt, choosing to start a business requires investment and faces a lot of pressure, even pressure, but there are always times of despair and gloom. You need the courage to stick to it in your heart, but you also have to face the reality. Stick to it, all your experiences are your most precious wealth.
Debt is more than 80, but I still plan to start a business. If I go to work, I may have to pay my debts in 67 years, and my business will have a way out, unless I want to pay my debts all my life.