How do we solve the money issues?

Well this post is about Borrowing Money. Did you know borrowing money is the easy part but paying it off usually becomes an issue. So why then take the trouble to borrow.

Recently I have had a dinner with Abang Abu and yeah you know times are kind of bad and he has been forking out almost 10K for expenses and losses. And at this time also it was also time to collect money from people who took a loan from him.

Through out the conversation he highlighted this strange issue with our community. When it comes to borrowing they will give you this and that reason and they will tell you how they will pay you back but when it comes to paying back, my goodness, its like you really need to be “Credit Chaser” or “Loan Shark” because most of them, in fact 70% of the people cannot pay back.

So you guys out there who is just like Abang Abu, how do you deal with this problem?

Hmmmm not hitting the target again..but did I actually miss?

Well if you have been following me in my blog since last April, you may have remembered that I have targeted to earn $10,000 for the July target. Well to tell you the truth, again it did not came true..

So now its a time to reflect on it again. What has actually gone wrong. Was it still early to say or are we still green..hmmm

Well probably the energy was directed to a different direction cos you see as a company, ISLAMICSG NETWORKS manage to close a deal worth more than 10K.

As Directors of this company we are not paying each other yet till its certain that we have healthy cashflow as we all know business has its uncertainties and paying huge salaries now maybe risky and would affect the growth.

So you may wonder how do we actually survive with no funding and absolutely no support in the beginning. If you ask me its really a test of our skills. I would believe that many entrepreneurs goes through this stage also and furthermore we learn to budget carefully.

Actually with whatever amount that would we would have left can help me breathe now..haha..cos I’ve been paying my freelancers with my own money thus at least we can set aside a sum for them. Alhamdullilah..

So do you think I missed my target?