A person who is heavily in debt should not start a business. You must not take risks. You already owe a lot of money to others. How can you have the money to start a business? Don’t think that starting a business is very easy. Everyone must have a start-up capital when starting a business. When Jack Ma prepared to start a business after graduating from school, his wife prepared 500,000 yuan for him. When Wang Jianlin retired from the army and prepared to start a business, he had many people around him. Friends help him and you have nothing.

A very poor person should not think about starting a business. Entrepreneurship is reserved for those who have the opportunity, but you have no chance. I suggest you pay back other people’s money first, otherwise If so, when you start a business, someone will definitely come to you and ask for money. If they see what you have written and it develops well, they will definitely come to you every day to collect debts. In this case, I believe your company will not be able to develop. .

I'm happy to answer this question for you, let's go over this question together, and now let's explore it together.

A practical entrepreneur should not have debts. In other words, if you are already heavily in debt, it means you are going in the wrong direction. In this era when you can start a business with a mobile phone, there is no shortage of debts. Opportunities, as long as you seize the trend, determine a project point, simply focus and repeat it, you will get results. In fact, the most critical thing is thinking. Many entity bosses are backward in thinking and cannot keep up with the times. They are still using old tricks to fool monkeys. If you are already in debt and cannot continue with traditional projects, you should vigorously improve your brain and learn new era thinking instead of immediately changing the project and working hard in the same old way. Seizing the situation is more valuable than working hard!

I hope that sharing this question with you below will be helpful to you. I hope that my sharing on this issue can help everyone, and I also hope that you can like my sharing.

If the existing income cannot effectively cover the amount of debt within a period of time, life will be very stressful. The warehouse is strong, and then you will know the honor and disgrace. When basic life is threatened, it is difficult to calm down and start a business. Affected by the pressure of repaying debt, people will focus on making money as soon as possible.

Once you are occupied by such speculative thoughts, it will be difficult to succeed in starting a business. On the other hand, if the existing income can effectively cover the amount of debt within a period of time, you will have back-end protection when starting a business. You will not have to worry about paying off debts. You can focus on starting a business, and the probability of success will be much greater

Above The answers to this question shared by me are all personal opinions and suggestions. I hope that the answer to this question I shared can help everyone. I also hope that everyone likes my sharing. If you have a better answer to this question, , I also hope to share comments and discuss this topic together.

Finally, I wish you all a good start in the new year, a wonderful life, a happy life every day, and happy growth. Thank you!

Debt has no direct relationship with whether a person is suitable for starting a business. If a person with debt is suitable for starting a business, he will pay off his debt quickly. If a person is not suitable for starting a business, he may become in debt because of starting a business even if he has no debt. So how to judge whether a person is suitable for starting a business?

First, I think it depends on willingness. Do you have risk awareness and are you a person who is willing to take risks? If you just want to live a stable life, then it's best not to start a business. Starting a business is so risky these days. If you are willing to take risks and give your ideas a try, start a business and chase your dreams.

Second, there must be a certain financial foundation. Starting a business is very challenging. The first thing is to test your financial strength. If you are starting from scratch and don’t have a certain amount of savings, then don’t start a business. Nowadays, starting a business is mostly not profitable. Many founders I know are like this. If you don’t get a salary, you may not be able to pay dividends smoothly at the end of the year. If your family is well off and you have a way out, you can try starting a business. If you are currently in debt, if you see a good business opportunity and you want to try it, then continue to start a business. But if you don’t have an idea and haven’t found a good way to make money, I suggest you not start a business, otherwise you will become poorer and poorer.

Third, is there a strong helper?

Nowadays, starting a business cannot be done by one person. If you have a great idea and someone is willing to help you, give it a try. This is also a way to reduce the risk of starting a business.

Therefore, consider it based on your personal situation, try to reduce your risk, and consider the risk of starting a business to be higher. This is always right.

It depends on the debt situation. For example, if it is all credit card debt, it will be better. Entrusted to negotiate installments and debt restructuring, it can be repaid in interest-free installments, which will reduce the burden on the debtor. The pressure of repayment and mental pressure can free up more time to make money. In this case, there is no problem in choosing to start a business. If you are burdened with various debts, then this is only suitable for working part-time. It is best to work several jobs a day to plan for repayment. Otherwise, the debtor will not have any extra time to think about business problems, and it will only get deeper and deeper

I think it is suitable and not suitable! We should look at the problem dialectically.

Why it is not suitable for starting a business

The risk of starting a business is very, very high. It is best not to get involved if you do not have sufficient preparations and funds.

Entrepreneurship is also an industry with a very low success rate. If you want to start a successful business with a great idea or idea, it is basically impossible. How sure are you that you can pay off your debts by starting a business?

No matter how small a business is, it requires funds. If you are already heavily in debt, where will the funds come from? If you borrow again, if the business fails, the debt will snowball and get bigger and bigger. What should you do?

At the same time, I would also like to remind you that because you are already heavily in debt, so you are eager to make money, at this time some unknown organizations or individuals will follow you and tell you about their projects. To make money, you can receive money as long as you invest. At this time, you must remember that it must be fake! That must be fake! That must be fake! There is no way that pie in the sky will fall on you, not to mention that you are so unlucky that you are already heavily in debt, so wake up, stay away from them, and don't push yourself into another abyss.

So how can you pay back the debt if you don’t start a business? Suggestion: Find a stable job first and make sure you have a stable income. No matter how much it is, at least you can get some money to pay back every month. Then the creditor will see that you are paying back the money and will not push you too hard. Under stable circumstances, if you look for some opportunities to make more money, and rely on your own efforts and diligence, you will definitely have the opportunity to gradually pay off your debts. And because of your efforts and diligence, some good business opportunities may come to you. Come because you are reliable! ! Therefore, since you are already heavily in debt, you must do something reliable and work hard for your own liberation. Only in this way can there be hope!

Why is it suitable for starting a business?

This requires a premise, that is, your debt is due to poor management or other objective reasons during the entrepreneurial process, and starting a business is your dream. In this case In failure, you also sum up your experience and lessons, and deeply reflect on the problem, then you can start a business, because your failure and reflection greatly increase your probability of success in starting a business.

However, it does not mean that you start a business right away. You should first find a stable income, pay back the money to stabilize the debt collectors, and then polish and reflect on your own problems and entrepreneurial plans at the same time, and put the entrepreneurial plan into practice. After sorting it out, use social and media platforms to build your personal brand. At a certain stage, you can try to find investment to help you get back on your feet. You may say, I don’t have any resources, where can I find investment? In fact, there are many ways and methods on the Internet. The key depends on whether you are willing to learn and think. The same is true for personal brands. Why build one? How to build? How to spread? How do you let more people know about you? All of these methods and techniques can be found on the Internet. As Luo Pang said, be a friend of time, stick to one thing, let time give you the answer, and you will have a chance to turn around!

Unless it is a zero-cost business, it is generally not recommended to start a business. The Internet is developing rapidly, and there are many zero-cost projects, so don’t despair.

A practical entrepreneur should not have debts. In other words, if you are already heavily in debt, it means you are going in the wrong direction. In this era when you can start a business with a mobile phone, there is no shortage of debts. Opportunities, as long as you seize the trend, determine a project point, simply focus and repeat it, you will get results. In fact, the most critical thing is thinking. Many entity bosses are backward in thinking and cannot keep up with the times. They are still using old tricks to fool monkeys. If you are already in debt and cannot continue with traditional projects, you should vigorously improve your brain and learn new era thinking instead of immediately changing the project and working hard in the same old way. It is more valuable to seize the situation than to work hard!

We need to think about it from two aspects:

1. The relationship between liabilities and existing income.

If the existing income cannot effectively cover the amount of debt within a period of time, life will be very stressful. The warehouse is strong, and then you will know the honor and disgrace. When basic life is threatened, it is difficult to calm down and start a business. Affected by the pressure of repaying debt, people will focus on making money as soon as possible. Once you are occupied by such speculative thoughts, it will be difficult to succeed in starting a business. On the other hand, if the existing income can effectively cover the amount of debt within a period of time, you will have back-up protection when starting a business. You will not have to worry about paying off debts. You can focus on starting a business, and the probability of success will be much greater.

2. Active liability or passive liability.

Active debt is seen as a way to use financial leverage to obtain greater returns, while passive debt is seen as a way to have to take on debt to meet basic living needs. If it is an active debt, then you can actively choose to start a business; if it is a passive debt, you need to be prepared for failure.

What determines whether you are suitable for starting a business is not whether you are in debt or not. It’s about whether your entrepreneurial project is feasible. How feasible is it?

Otherwise, if you have 5 million, you will lose it all. Having a debt of 5 million will only continue to expand the debt.

Starting a business is not because of the pressure that debt puts on you, but because of the attraction that the project gives you. The money you are about to receive will give you the temptation.

With money, a house, a car, and a woman, there is a sense of accomplishment and satisfaction.

The cause and effect relationship has not been clarified. The best thing for you is to sober up before talking, otherwise it is easy to get into trouble if you think too much.

Starting a business has little to do with whether you are in debt. If the debt is relatively high, it will be troublesome to apply for a bank loan and you may not be able to get the loan.

Secondly, it depends on the industry you are in. If you can make a profit, don’t have much funds, and the investment cycle is short, you can borrow it from your friends.

If the investment cycle is long, the funds are large, and the risks are difficult to control, then it is best not to do it, which will only increase the pressure.

If not suitable, work first and then start a business.