{"id":244,"date":"2019-12-19T10:34:04","date_gmt":"2019-12-19T10:34:04","guid":{"rendered":"http:\/\/philosopical-falcon.w5.wpsandbox.pro\/2019\/12\/19\/travel-copy-copy-2-copy-copy-2-copy-copy-copy-copy\/"},"modified":"2023-01-22T08:13:07","modified_gmt":"2023-01-22T08:13:07","slug":"borc","status":"publish","type":"post","link":"https:\/\/yukselkeles.com\/?p=244","title":{"rendered":"BOR\u00c7LAN! \u00a0AMA NEREYE KADAR ?"},"content":{"rendered":"\r\n

G\u00fcn\u00fcm\u00fczde bor\u00e7lanmadan ya\u015fayan her halde yok gibidir. Hem \u015firketler hem de \u015fah\u0131slar bir \u015fekilde ihtiya\u00e7lar\u0131 i\u00e7in bor\u00e7lanmaktad\u0131rlar. Hal b\u00f6yle olunca <\/span>he<\/span>men herkes bor\u00e7lanma<\/span>konusunda <\/span>az \u00e7ok bil<\/span>gi ve tecr\u00fcbe sahibidir.<\/span><\/p>\r\n

\u00a0<\/p>\r\n

Bor\u00e7lan\u0131rken temel olarak <\/span>3<\/span> \u015feye dikkat edilir. <\/span>Borcun tutar\u0131, vadesi ve maliyeti.<\/span><\/p>\r\n

\u00a0<\/p>\r\n

Ger\u00e7ek ki\u015filerin borcunu bir tarafa b\u0131rak\u0131rsak <\/span>ticari i\u015fletmelerin<\/span> bor\u00e7lanmas\u0131nda iki u\u00e7 nokta vard\u0131r; <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Biri, <\/span>\u201cElin ta\u015f\u0131 ile elin ku\u015funu vuranlar\u201d<\/span> di\u011feri ise \u00a0<\/span>\u201ckendi ya\u011f\u0131 ile kavrulan<\/span>lar<\/span>\u201d.<\/span><\/p>\r\n

\u00a0<\/p>\r\n

Elin ta\u015f\u0131 ile elin ku\u015funu vuranlar yani ba\u015fkalar\u0131n\u0131n paras\u0131 ile para kazana<\/span>n<\/span>lar takdir edilmesi gereken insanlard\u0131r. Yapt\u0131klar\u0131 i\u015f kolay de\u011fildir, u\u00e7urumun kenar\u0131ndad\u0131rlar, y\u00fcksek risk al\u0131r, iyi kaz\u0131n\u0131rla<\/span>r. Ancak<\/span> bor\u00e7 bask\u0131s\u0131 ve <\/span>finansman maliyeti <\/span>onlar\u0131 hep kazanma stresi alt\u0131nda tutar. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Kendi ya\u011f\u0131 ile kavrulanlar ise bor\u00e7 almadan kendi sermayeleri ile i\u015f g\u00f6rmeyi tercih edenler olup bor\u00e7lanmaktan \u00e7ekinirler, sermayeleri kadar i\u015f yapmay\u0131 severler, yava\u015f ve kontroll\u00fc b\u00fcy\u00fcmek isterler. Alacakl\u0131lar\u0131n ya<\/span> da bankalar\u0131n bask\u0131s\u0131 alt\u0131nda olmay\u0131 tercih etmezler. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Her iki durumda u\u00e7 nokta<\/span>lar olup<\/span> i\u015fletmeler i\u00e7in <\/span>f\u0131rsatlar ve tehditler i\u00e7ermektedir. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

\u0130stikrarl\u0131 ve kazanarak b\u00fcy\u00fcmek isteyen \u015firketler i\u00e7in ne bor\u00e7 i\u00e7inde y\u00fczmek ne de bor\u00e7suz faaliyet g\u00f6stermek ideal bir durum<\/span>dur.<\/span> \u00a0<\/span><\/p>\r\n

\u00a0<\/p>\r\n

\u00d6yleyse bu ikisi aras\u0131nda do\u011fru bir yerde durmak gerekmektedir. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Buradaki temel soru <\/span>\u201cne kadar bor\u00e7lanmak\u201d<\/span> t\u0131r.<\/span><\/p>\r\n

\u00a0<\/p>\r\n

Bor\u00e7lanmada tek mesele bor\u00e7 seviyesi de\u011fil elbette. Bor\u00e7lan\u0131lan kurum\/ki\u015fi, borcun vadesi, bor\u00e7lanma maliyeti ve borcun kullan\u0131m alan\u0131 da \u00f6nemli etkenlerdir ve bor\u00e7 seviyesini do\u011frudan etkiler. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

B<\/span>or\u00e7lanma seviyesine <\/span>teknik olarak verilebilecek cevaplar mevcuttur. <\/span>Finansal kald\u0131ra\u00e7 oran\u0131<\/span> y\u00f6ntemi ya<\/span> da <\/span>marjinal fayda<\/span> analizi<\/span>,<\/span> size teknik olarak bor\u00e7lanman\u0131n <\/span>teorik <\/span>s\u0131n\u0131rlar\u0131n\u0131 tayin ed<\/span>ebilir<\/span>. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Ancak, \u00a0form\u00fcllerle bor\u00e7lanana pek rastlanmaz. Hesap edilmesi <\/span>zordur \u00a0ve<\/span> \u015firketlerin ihtiya\u00e7lar\u0131 ile uyumla\u015ft\u0131r\u0131lmas\u0131 kolay de\u011fildir. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Burada \u201cne kadar bor\u00e7lanmak ?\u201d sorusunun en do\u011fru cevab\u0131<\/span>,<\/span> \u015firketlerin kendi \u015fartlar\u0131nda sakl\u0131d\u0131r. Kimi \u015firketler y\u00fcksek bor\u00e7la <\/span>karl\u0131 ve <\/span>s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcmeyi sa\u011flarken kimi \u015firketler <\/span>ise<\/span> ayn\u0131 bor\u00e7<\/span>lanma seviyesi <\/span>ile s\u0131k\u0131nt\u0131lar ya<\/span>\u015fayabilmektedir. Kimi sekt\u00f6rlerde bor\u00e7lanma oranlar\u0131 y\u00fcksek seyrederken kimi sekt\u00f6rlerde ayn\u0131 bor\u00e7lanma seviyesi s\u00fcrd\u00fcr\u00fclemez olmaktad\u0131r. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

Kimi \u015firket sahipleri <\/span>\u201cBor\u00e7 yi\u011fidin kam\u00e7\u0131s\u0131d\u0131r\u201d<\/span> felsefesiyle <\/span>bor\u00e7la motive olup daha \u00e7ok \u00e7al\u0131\u015f\u0131rken, kimisinin bor\u00e7tan dolay\u0131 v\u00fccut kimyas\u0131 bozulmakta, sa\u011fl\u0131\u011f\u0131<\/span> tehlikeye girmektedir.<\/span><\/p>\r\n

\u00a0<\/p>\r\n

T\u0131pta <\/span>\u201chastal\u0131k yok, hasta var\u201d<\/span> diye \u00f6nemli bir ilke vard\u0131r. Bu ilke<\/span>,<\/span> hastal\u0131ktan ziyade hastan\u0131n \u015fartlar\u0131n\u0131n bilinmesi ve tedavinin bu \u015fartlar do\u011frultusunda s\u00fcrd\u00fcr\u00fclmesi<\/span>ne i\u015faret etmektedir. <\/span>\u0130\u015fletmeler<\/span>de <\/span>buna benzer<\/span>ler<\/span>. <\/span><\/p>\r\n

\u00a0<\/p>\r\n

En do\u011fru bor\u00e7 seviyesi<\/span>, i\u015fletmenin kendine \u00f6zg\u00fc \u015fartlar\u0131 i\u00e7erisinde<\/span>,<\/span> i\u015fletmeyi iyi tan\u0131yan patron ve profesyonel y\u00f6neticiler<\/span>c<\/span>e <\/span>belirlenmelidir.<\/span><\/p>\r\n

 <\/p>\r\n

Yazar: Y\u00fcksel Kele\u015f<\/p>\r\n","protected":false},"excerpt":{"rendered":"

G\u00fcn\u00fcm\u00fczde bor\u00e7lanmadan ya\u015fayan her halde yok gibidir. Hem \u015firketler hem de \u015fah\u0131slar bir \u015fekilde ihtiya\u00e7lar\u0131 i\u00e7in bor\u00e7lanmaktad\u0131rlar. Hal b\u00f6yle olunca hemen herkes bor\u00e7lanmakonusunda az \u00e7ok bilgi ve tecr\u00fcbe sahibidir. \u00a0 Bor\u00e7lan\u0131rken temel olarak 3 \u015feye dikkat edilir. Borcun tutar\u0131, vadesi ve maliyeti. \u00a0 Ger\u00e7ek ki\u015filerin borcunu bir tarafa b\u0131rak\u0131rsak ticari i\u015fletmelerin bor\u00e7lanmas\u0131nda iki u\u00e7 nokta […]<\/p>\n","protected":false},"author":1,"featured_media":1451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-srkt"],"_links":{"self":[{"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/posts\/244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244"}],"version-history":[{"count":2,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/posts\/244\/revisions"}],"predecessor-version":[{"id":1452,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/posts\/244\/revisions\/1452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=\/wp\/v2\/media\/1451"}],"wp:attachment":[{"href":"https:\/\/yukselkeles.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yukselkeles.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}