The Ins and Outs of Debt Management for your Business
Episode description
Being in debt can be a scary thing. It’s overwhelming, it feels out of your control and the longer it goes on, the more buried you can become. Going into business often comes with the idea that you need to take on debt in order to start. While some debt (the right loans, for example) can be a necessity, it doesn’t have to always be the case. In fact, the less debt you can take on from the beginning, the better set up you’ll be down the road.
I share my advice for new and established business owners and we cover my six best tips to bootstrap your business and get as far as you can in your business without accruing more financial obligations. From front-loading your capital to investing properly back into your business to planning your hiring accordingly and more, I get down to the details about how to avoid falling into preventable debt.
This week’s episode is designed to help you mitigate, manage and avoid as much business debt as possible. Taking on debt is incredibly common, but we want to make it as easy and actionable as possible to get out from under that weight.
You’ll Learn:
- Why repayments are important
- Misconceptions around debt
- Six ways to bootstrap your business
- Industry statistics about business debt
Links:
She Means Profit Blog: http://shemeansprofit.com/
Register for The Debt Repayment Calculator mini-course: https://melissa-houston-cpa-cga.mykajabi.com/offers/2wm3nYH9
5-Step Roadmap to a Profitable Biz: https://melissahoustoncpa.lpages.co/5-step-biz-finance-roadmap
Work with me: https://shemeansprofit.com/offers
Want more tips and inspiration?
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and visit my website: https://www.melissahoustoncpa.com
Work with me:
Follow me on:
IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa