The Downsides of the No-Debt 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.