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Reply To: Is it possible to run a debt free business?

By Susan

#5155
Susan
Participant
  • Total Post: 36
Points: 259
1

Great point, Matthew. I agree that you can have a debt free business, but as you mentioned, even if someone doesn’t have to borrow to get started, it is always so important to also know – and anticipate – what the ongoing bills may be, such as website hosting, etc. This is an area where many new business owners get tripped up, as the costs going forward could still be more than the amount of money that is coming in (at least initially). With that in mind, it is important to not only develop an overall business plan, but also a financial plan.

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