3min chapter

The Bootstrapped Founder cover image

131: Seven Kinds of Entrepreneurial Debt

The Bootstrapped Founder

CHAPTER

Building a Life Style Business Without a Budget

If your dream is to disrupt te entire on night education industry, for example, you'll need access to significant amounts of financial sources. What definitely won't work, it's attempting to build a moonshop business without a budget. The capital comes from your customers as they use your product. An financial debt also introduces a certain risk to your business beyond this risk of a predictable goal misalignment. If you fail to make interest payments, you invite repossession further debt to cover the initial obligations and liabilities that make your business less attractive to acquirers. And as i said earlier, debt is neutral. It's a tool for leverage. But like any tool, you have to know how to

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