Should I borrow to fund my business growth?
Business owners often ask me whether or not they should borrow money to fund growth.
It’s an earnest question, but when you understand the bigger picture, there’s really no decision to make.
Every serious business owner should always be using debt to … (a) be ready for moments of poor cash flow; and … (b) maximize their ability to grow and build wealth.
So, YES, debt is a vital part of a small business strategy. To decide how it fits into your own strategy, ask these questions:
