3min chapter

The Bootstrapped Founder cover image

131: Seven Kinds of Entrepreneurial Debt

The Bootstrapped Founder

CHAPTER

Building a Business at Scale

If you save time to day, do not waste weeks and months building a product that nobody would pay for. But once you've found a reputable business model and faced the interest payments, or the risks of not paying them, not fixing things that need to be fixed, your debt becomes a genuine liability. And this is the kind of debt that i'd recommend for you to take on, particularly in the very early stages of your business. Ius every day that you spend trying out new things and learning from your mistakes, now that creates time dat you can either spend an hour learning how to deal with tax filing procedures in your jurisdiction, or you could spend that hour learning from your customers.

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