It is hard for most people to imagine starting a business with ZERO debt. It is just a given to most folks that you need to borrow some money to get rolling. That sounds ok but it creates a habit of borrowing to keep rolling. The thought of needing new equipment immediately goes to using a credit card or going to the bank for bigger purchases. I had this thought for many years as well. But it does not have to be this way.

If you eliminate the thought in your mind that borrowing is even a possibility you instantly get more creative in ways to save the money up to pay for business needs. Debt is easy short term but not easy long term. At best debt is just a cycle that eats your money every week for the rest of your days on Earth. At worst debt becomes your master that crushes you, your business, and your goals.

It is possible to run a great business with no Debt. Apple does it and they are one of the greatest companies in the world. Dave Ramsey does it with his company. By the way, Dave is the radio guy that got me started on a quest to be debt free.

If you have great discipline then you can likely handle debt and use it as a tool. Just be careful with it. It is a dangerous servant and a terrible master. Just know that there are other ways to run a business other than constant debt.

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