Business insights from Eric Manalo
There are 3 fundamental areas in having an Entrepreneur mindset:
1. Purpose - Understanding your market and the value you offer.
2. Passion - Continuous improvement as market demand changes and dictate the future of business.
3. People - Building long term (not transactional) relationship with customers and your team.
Knowledge empowers imagination. Continue to gain knowledge with the right information and wisdom through experience.
I recommend financing if business is good. Because the available cash you have will enable you to expand your business and pay for the loan. I do not recommend loans for payment of expenses with no cash flow coming in. Timing is the key.
Unless you have fix, variable or recurring income, never use your property as loan collateral for business capital.
Do not create stupid company policies, it only creates stupid problems.