3min chapter

The EntreLeadership Podcast cover image

How to Truly Take Ownership of Your Business

The EntreLeadership Podcast

CHAPTER

The Problem With Debt in Any Business Scenario

The idea that you can't be a large farmer without carrying large debt in a capital intensive thing is a fairly new script. The banking industry has gotten their clause into it and made it appear that there's no possible way to run a business unless you have a line of credit, he says. If you want to lose a family farm stay deeply in debt until a crop comes in bad and then you're gone according to the author.

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