Tips on effective debt management for the business owner
Posted on 1st April 2022
Risk and debt are natural when setting up a new business. Panic not; debt is not always the ugly sister. You can create a ‘good’ debt balance to keep a healthy cash flow forecast as a savvy business owner.
You may, for example, borrow money to start up or launch the products until the sales start rolling in. You can even raise investment to cover operating expenses, such as hiring a team to drive business. However, cost control and debt management must be part of a strategic approach.
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