The Downsides of the No-Debt Badge of Honor

May 17, 2018 // Fran Tarkenton
Debt Free Badge of Honor

Many business owners avoid debt like the plague. Ami Kassar, author of The Growth Dilemma, refers to it as the no-debt badge of honor. And avoiding debt has its benefits, but it also has its downsides, and you should take your time to think through any decision you make about financing your business. I recently chatted with Ami about this, and he shared a great example of a business owner who was extremely debt-averse, and how that was holding her back from reaching her aspirations for the business.

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Fran Tarkenton

Fran Tarkenton is an entrepreneur and NFL Hall of Famer, and the founder of GoSmallBiz.com and Tarkenton Companies. With a passion for small business, he’s started more than 20 businesses during and after his NFL career. Fran is a small business coach for entrepreneurs and business owners, providing advice and guidance through sites such as GoSmallBiz.com, SmallBizClub.com, and more. He has written about business issues in the Wall Street Journal, U.S. New and World Report, and USA Today, along with regular appearances on CNN, Fox News, and MSNBC. You can follow Fran on Twitter @Fran_Tarkenton.