A recent article in Forbes titled, The Hard Truth About Debt For Entrepreneurs gave insight into the concept of ‘good debt’ vs ‘bad debt’.
The author comes right out and says there’s no such thing as good debt. But then goes on to qualify the statement reminding the reader that defining the term properly is key.
Borrowing money is a near inevitability for your average person. School loans, car loans, or buying a house each put us in the money hot seat. Borrowing money for your business may be a near inevitability, too. But if you understand the concept fully, you can make plans accordingly to get your business off to a solid start.