How to Run Your Business Without Debt
Summary
Running a business without incurring debt is achievable through strategic planning and disciplined financial management. Focus on generating sufficient revenue before expansion, carefully manage cash flow and prioritize essential expenses. Seek alternative funding options like bootstrapping, crowdfunding, or seeking investors rather than taking loans. Negotiate favorable payment terms with suppliers and reinvest profits into the business. Maintaining lean operations and avoiding unnecessary expenditures can build a strong, debt-free financial foundation for your business​​.
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