Episode 36 | The risks of taking on debt in your business
Description
Welcome to the Elephant on Business Podcast, improving our small business journey together one episode at a time!
Debt is a great servant but a terrible master.
Every business needs access to capital in order to survive. But whilst taking on debt is necessary, it doesn't come without its risks.
In this episode, we discuss the four main types of business debt, all the pros and cons, plus our advice for how to manage debt safely and effectively within your business.
The content of these episodes is based on our own experiences and knowledge and are meant to be general discussions, not advice. We suggest any listener always seek qualified professional advice tailored to their specific needs.
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