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Debt as a Weapon or a Trap – How Exxon Used Low Leverage as Power
Key Takeaways: Use debt wisely: John D. Rockefeller showed that debt can be a powerful tool if managed with discipline, turning it into an advantage instead of a burden. Balance optimism with caution: Business owners should stay hopeful but also careful in their financial planning to survive economic downturns. Debt and equity bring similar pressures: Even though they’re different, both require business owners to deliver returns. Stay disciplined with money: Keep a financial cushion for hard times while still investing in marketing and growth. Pay yourself fairly: Making sure you earn enough…
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