Becoming a successful entrepreneur is not without its challenges and risks. One of the biggest risks you can face as an entrepreneur is financial difficulty. The saying “you have to spend money to make money” is never more true when it comes to entrepreneurship. It is not uncommon to find that a now successful entrepreneur was once faced with a financial blunder before creating the strong and viable business they have today. The difference between those who succeed and those who fail when faced with financial challenges can often be as simple as how they manage their debt.

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