Ahh debt … can’t live with it, can’t live without it. Especially when it comes to running a small business.
Understanding and effectively managing business debt is such an important component of a small business journey for growth and success. While the term "debt" may often carry a negative connotation, I always say, it’s not debt that’s the problem, but rather the management of it.
When managed strategically, it can serve as a powerful tool for expanding operations, investing in opportunities, and ultimately moving your business forward. With cash flow focus greater than ever, I wanted to take this opportunity to explore the different types of business debt, discuss how it can be used for growth, and highlight the importance of strict debt management. I’ll even throw in five key strategies that you can implement now to effectively navigate and optimise your business debt.
Take a listen. A x
Key moments throughout the episode :
- Types of debt available to you and how they can provide support for growth in your business [05:49]
- Key consideration for an effective debt management strategy [13:31]
- 5 Things you can do to build an effective debt management strategy for your business TODAY [16:09]
Here is a resource you may find helpful when managing debt for your business ... it's my Creating Cash mini course www.amybajada.com.au/creatingcash
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