Ever wondered what the banking manager may tell you when you apply for a loan? Don’t be surprised if you hear something like this from the bank manager when you meet him on your appointment.
Hellen Keller sums it all. Without risks, a business is sure to face stagnation and then ultimately death. Taking risk is crucial for tasting success in your business endeavors. However, what is important to remember that the returns you are expecting from the project(s) is proportional to the risk level.
Ever heard of private banks financing the needs of the really needy? They don’t. That’s because the really needy customers will never have the monetary disposition to pay off the interest which is applicable for their risk profile. Isn’t that a tragedy of errors for these financial institutions?
Feb 272010
Well, Well, Well….If it isn’t that time of the year again!! The Finance Minister has just presented the 2nd budget of his reign and everyone queues up for their share of the sops. It’s not quit the rain of blessings that we have come to expect from the UPA government over the last couple of [Click to read more..]
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