The Biggest Debt Is Product Debt, Right?

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The biggest one I probably see here, the biggest one you guys probably used to and know a lot of is time, debt and financial debt. And so there's also a perception debt. If your customer support isn't right or the people that are interfacing with your customers and your market aren't doing the right job then you're building up perception debt. The third one is basically just a simple rule that debt occurs when you have better today at cost tomorrow. So whenever you're making a decision you want to think, all right, what are the pros and cons of this decision? Like what are my options here? And then what are thePros and cons for each option?

Scaling a business is an awesome topic, cleaning up the mess and paying back the debt from scaling is not. This is a tricky thing to balance. Most entrepreneurs get it wrong. If you don't grow fast, a competitor might overtake you —but— grow too fast and you'll make a mess and accumulate too much debt for the company to get out of. Finding the perfect balance between these two extremes is an art-form that lies at the core of an entrepreneur's ability. This podcast teaches you how to think about three things: scale, mess, debt, and how they're all parts of the same "growth cycle". I share practical tips to handle these issues in your business today + share personal stories of the rollercoaster ride I've been on to date.

Full blog post here: https://www.consulting.com/channel/scale-mess-and-debt