183: When You Should NOT Take Out A Business Loan

Our biz coach Emily Duval Ledger joins the show today to talk about business loans. When is it the right time to take out a loan for your business? What are the right reasons to take one out and what are the wrong ones? Should you ever take one out? Let’s help you work through the thought process in case this is something you’re considering! Today we talk through Claire’s experience of using loans for Rogue through the pandemic and how the money was used, why it made sense, and her plan for it. We’ll also discuss the things to look out for and reasons NOT to take out a loan. If you do take what out, make sure you have a good business plan for paying it back. What does that look like? We’ll go into that as well!

If you do have a business or are thinking about one, please reach out to us! We have an amazing free community on Slack with other neuro business owners from around the country ready to help answer your questions and brainstorm with you on all neuro biz topics. We’d love to have you in the group because that is how we all learn how to create sustainable businesses and cheer each other on! Email us at info@neurocollaborative.com to get an invitation link to join our Biz Besties group.