How to use credit? That’s the big question. Carl shares how you can manage it well to grow your business. Catch #70secondCEO every week day for daily business tips with Carl Gould.
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Hi Everyone, Carl Gould here your #70secondCEO, just over a minute of investment per day for a lifetime of results.
You know Candy, I remember when I was trained as a business advisor I was so, I was an entrepreneur at the time and I was a really young guy and I was trained by these very seasoned consultants. And I thought, “Wow, business owners, boy, they must be really sophisticated when it comes to finance and how they use debt and credit.” So I studied every different way you could finance – equity, VC, Angel, fund. And then I started working with business owners only to find out they were scared to death of it. Or they had antiquated views of it. “Oh I only do cash.” “All debt is bad debt.” And I said, “Whoa! Whoa!” And I was shocked in the very beginning. And I realized how underdeveloped that skill-set is in entrepreneurs and so, especially in a crisis. Your ability to use credit will be, is a huge skill-set you need to develop. We ALL need to develop that skill-set.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.