subject: Biting the Bullet in Business [print this page] Biting the Bullet in Business Biting the Bullet in Business
In business, the saying "slow and steady takes the day" has to be coupled with "strike while the iron is hot". Business really follows the pace of technology. There was a time when those engaged in business could afford to take it slow and easy. In the time of the artisans and craftsmen, there was good profit to be made. People then knew that it took years to come to a point in the worker's skill where the value of his work is at its most desirable, hence commanding a higher price.
During the industrial revolution, machines were made to churn out a great mass of desirable product. The margin of profit for each piece was a lot less but was more than made up for by the huge number of pieces that can be produced. And because there were a lot of things that were produced by the machines, the pace of business took off since the inventory was piling up.
However, things got faster in business, this time dictated by advances in communication. There is now money in information since all it took was a simple alert from a communication device, for any businessperson to cash in on an opportunity.
Business didn't just get faster, it got larger still. More products produced meant more to sell. Advances in communication and transportation meant that products could be sold to far markets. It got to the point where in order to make more money, companies had to borrow money.
Borrowing money allows a company to locate its business where there's a market for their products. There is a growth in international business loans because companies are finding places where their products can be made cheaply or places where the people simply have a fascination with their product.
That's why even finance professionals are establishing themselves in other markets. Businesses need capital; international fund addresses such a need. That's why loans are on the upswing.
Loans might be biting the bullet for some businesses. The bright side of more international business loans is that, on a global scale, it is a sure thing that more money is being made.
