Debt Free Business vs Taking Out Business Loans

Should you start your business debt free, or should you take out loans? For your best success, debt free is the best way to go. This means you will grow your business through bootstrapping. Basically reinvesting money back into the business to grow the business. Way too many businesses fail due to being in debt, so let's discuss how to get your business going, debt free.

 

👉 Don’t forget to grab your FREE Start-Up Guide for Starting a Business

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SOME RESOURCES TO HELP: (some are affiliate links but no charge to you)

👉 Affordable Online Business Plan Builder: GrowThink

👉 Recommended Online Bookkeeping – Quickbooks Online or Freshbooks

👉 Create a Basic Website – Bluehost

👉 Recommended Payroll Company - Gusto

 

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AFFORDABLE COURSES

👉 Start a Local Small Business

👉 Understanding Your Business Numbers

 

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HERE ARE SOME POPULAR VIDEOS I HAVE ON YOUTUBE:

👉 HOW TO PRICE YOUR PRODUCTS CORRECTLY

👉 HOW TO PRICE YOUR SERVICES CORRECTLY

👉 HOW TO READ A PROFIT & LOSS STATEMENT

 

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FREE GUIDES / TOOLS

👉 Free Know Your Business Numbers Reference Guide

👉 FREE eGUIDE: 8 Steps to Earning $100,000 in Income in Your Small Business

👉 FREE eGUIDE: How to Read a Profit & Loss Statement

👉 FREE Start-Up Guide for Starting a Business

👉 Free eBook: 10 Questions to Ask in Your Business  

👉 Get Your FREE Business Health Check 

 

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👉 WEBSITE: BABOLearning.com

👉 YOUTUBE CHANNEL: BABO Learning for Badass Business Owners

👉 Want to Help Support the Channel? The Badass Business Owner Tip Jar

 

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Books I Recommend to All Small Business Owners – 5 Must Reads

👉 Profit First by Mike Michalowicz

👉 eMyth Revisited by Michael Gurber

👉 Building a Storybrand by Donald Miller

👉 The ONE Thing by Gary Keller & Jay Papasan

👉 The 12 Week Year - Brian Moran & Michael Lennington

 

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👉 ** DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better

 

👉 ** DISCLAIMER:  I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed.  I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.

 

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Local Small Business Owners are the Backbone of All of Our Communities! 

 

WHO THIS CHANNEL IS FOR: small business owners who serve their local community, local small business owners, service-based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electrici