Business · FORTUNE
Fortune #42
Caution
If loans repeatedly cover ordinary bills, examine the cash gap and repayment capacity before signing.
QUOTE CARD
A quote for you
“อย่าใช้เงินก่อนที่คุณจะมีเงินนั้น”
— โทมัส เจฟเฟอร์สัน
ประธานาธิบดีคนที่สามและผู้ร่างคำประกาศอิสรภาพของสหรัฐอเมริกา
- Person
- Thomas Jefferson
- Source work
- Quotes / 1820s
- Source text
- Never spend your money before you have it.
STORY & REFLECTION
New debt over an old loss
Guidance-based illustration · New debt over an old loss
Illustrative scene: A restaurant uses short-term borrowing to pay rent for two months. The owner considers a third loan without knowing which meals lose money or when catering payments arrive relative to wages.
He maps cash flow, separates routine costs from existing debt, and speaks with a qualified adviser about options before borrowing more. Menu costs and deposit terms are reviewed too.
The SBA recommends orderly records of revenue and expenses and using financial statements to understand capital and cash flow. Sales figures are best read alongside actual receipts and payment dates.
Borrowed cash has a repayment date; see the route to it first.
Reflection
New debt does not repair recurring losses.
A small action today
Map cash flow and seek qualified advice before borrowing.
A question to reflect on
Would new money solve the cause or only delay the shortage?