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Business debt plays a critical role in the lifecycle of many companies, and it’s often a necessary tool rather than a failure. There are good debts and bad debts, and whether you’re launching a startup or you’re expanding your operations, these debts can provide your business with the capital it needs to grow. When used properly, debt can allow your company to seize opportunities that may otherwise be out of reach.
Well structured debt can support sustainable growth, while poorly managed debt can quickly become a strain on your resources. Businesses that regularly review their obligations are going to be better equipped to balance borrowing for profitability, and that ensures that debt remains a tool rather than a limiting factor.
You want to make sure that you’re recognising the role that deck plays, while also encouraging more informed decision making in your business. This helps you to plan ahead and focus your forecast on your cash flow accurately. Knowing what influences debt outcomes and how to manage them wisely is going to help you to become more successful in the long term, and the infographic below gives insight as to what can help.
Infographic designed byDelancey Street
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