Financial Mistakes and Business Growth

What was Tan France's profession before he entered the entertainment industry?

• Engineer

• Teacher

• Designer and Entrepreneur

• Chef

What financial tool did Tan use to meet customer demand when he lacked capital?

• Credit Card

• Personal Loan

• Crowdfunding

• Line of Credit

What was one of the main consequences Tan faced after maxing out his line of credit?

• Hiring more employees

• Business expansion

• Financial strain and stagnation

• Increased sales

How did Tan eventually manage to pay off his line of credit?

• By selling his business

• By taking another loan

• By reducing product spending

• By increasing product prices

What lesson did Tan learn about business growth and credit?

• Understanding credit commitments is crucial

• Hiring financial advisors is unnecessary

• Credit should be avoided at all costs

• Fast growth is always better