243 – 6 Skills to Succeed in Business and Avoid Debt Problems

243 – 6 Skills to Succeed in Business and Avoid Debt Problems

Author: Doug Hoyes April 27, 2019 Duration: 26:55

Debts arising from the failure of a business is a common reason that someone may have to file a personal bankruptcy.

That's not surprising; you borrow money personally to invest in a business, it doesn't work out, you're left with the debt, so you file bankruptcy.  I've personally done hundreds of bankruptcies that were the result of a business failure.

So what can you do to reduce the chance of business failure?

Or stated with a more positive perspective, what can you do to make your business a success?

That's the question I'll answer on today's edition of Debt Free in 30, where we'll tell you the 6 Skills You need to be successful in business.


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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607 – Credit Score vs Cash Flow: What Actually Matters in a Crisis? [not-audio_url] [/not-audio_url]

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605 – Owe CRA Tax Debt? The Biggest Loan Mistake Canadians Make [not-audio_url] [/not-audio_url]

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Owing money to the CRA can feel urgent, and taking out a loan might seem like the fastest way to fix it. But in many cases, it can make your situation worse. Doug Hoyes and Ted Michalos break down when borrowing to pay o…