Debt. We all watch with interest and I am sure concern as the level of personal, business, and government debt grows as part of the recovery from the recession. Recent events make is likely that governments, in particular, may have to take on more debt to keep the economy on track. As a long term observer of small business I know that “debt kills!” I say this because too much debt smothers confidence, creates undue stress, and lead to bad decision making. It is imperative that individuals and businesses work to reduce their debt load. This is not say that this is an easy task but every dollar saved can provide more capital for the business in the future. I would encourage all entrepreneurs to take steps to reduce their debt load so that their focus can stay on the business and its opportunities even in these difficult times.
"Every stress leaves an indelible scar, and the organism pays for its survival after a stressful situation by becoming a little older."
- Hans Selye
Phone: (441) 238-1682
Fax: (441) 238-1674
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