Too many business owners let their money sit idle with no clear purpose, and it costs them more than they realize. Idle capital refers to money sitting in your account, earning little to no return. It may feel safe, but it can quietly drag down your business performance.
Thames Water is heavily in debt with £1.27 billion owed to creditors and has incurred £122 million in fines from Ofwat, indicating severe financial distress.
Having a not-so-great credit score may not be something that bothers you on a regular basis. But when it stops you from being able to afford the things you want, that's when it can become a real issue.
Warren Buffett emphasized the necessity of addressing the countryâs unsustainable debt levels, acknowledging the complexities of managing government revenue and expenses.