Is Debt Bad for Your Business?

08/14/23 • 13 min

Debt - it's a word that can strike fear into the hearts of many. Whether it's a necessary evil or a strategic asset is a topic of endless debate among business owners. What if understanding debt could be the key to unlocking growth and prosperity in your business?

In this episode of The Profit Plot, host Jeremy Millar dives deep into the world of debt. From its roots as a promise to its modern role in the global banking system, debt is an integral part of our financial fabric. It's not just about borrowing money; it's about leveraging resources to achieve growth and success. Uncover the nuanced nature of debt, its potential risks and rewards, and navigate its complex role in business financing.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46

Previous Episode

The Biggest Mistakes High-Performing Busines Owners Make

Entrepreneurship is an exhilarating journey. It allows you to tap into your unique skills and turn your passion into a profitable venture. But what happens when you realize that your business solely depends on you? How do you transition from being a high-performing individual to leading a sustainable business that can operate independently?

In this episode of The Profit Plot, host Jeremy Millar explores how to transition from a business that is an extension of you to a sustainable enterprise that can operate independently. Uncover common pitfalls of high performers, like creating a job rather than a business, and find actionable tips on redefining business processes, strategic hiring, and financial forecasting. Discover how to evolve your entrepreneurial venture into a sustainable business without your constant input.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

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Next Episode

Safeguarding Your Business: The Right Bank Balance

How much money should stay in your business bank account? Creating a financial safety net is essential for small business owners. Keeping enough in the bank can allow your business to weather any storm.

In this episode of The Profit Plot, Jeremy Millar explores the importance of emergency funds and strategic budgeting for businesses. We'll look at how to determine the right amount of cash to keep on hand for covering operating expenses and seizing growth opportunities. Drawing from recent studies and real-world insights, Jeremy emphasizes the value of disciplined planning and understanding your financial landscape.

🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story

📧 Want more episodes of the Profit Plot sent to your inbox? Sign up for our free newsletter: https://view.flodesk.com/pages/647fb5f380b41008f5634f46