Interest

Wikipedia, the free, on-line encyclopedia, gives us "interest" as

A fee, paid on borrowed capital. Assets lent include money, shares, consumer goods through hire purchase, major assets such as aircraft, and even entire factories in finance lease arrangements. The interest is calculated upon the value of the assets in the same manner as upon money. Interest can be thought of as "rent on money". For example, if you want to borrow money from the bank, there is a certain rate you have to pay according to how much you want lent to you.

If you're interested in interest (no pun intended, but I'll take it) read the entire Wikipedia article and follow its links.

Interest is important for the entrepreneur. Keeping the amount of interest paid out, that is. The more intrest you pay the higher your expenses are, so it's best to incure as little interest as possible. Interest acts like a tax. The more you pay for credit the less you have for other things. Some credit is good, but unmanageable credit acts like a margin-sucking maggot.

What do you think? I'd like to know. Post a comment.

Entrepreneurship informs all my professional activities. For entrepreneurial real estate, go to www.yourstopforrealestate.com/blog and for entrepreneurial writing, go to www.kearneymusicschoolmurders.blogspot.com