Debt Free Business vs Taking Out Business Loans
Channel: Be a Badass Business Owner
Date: 2023-03-28

Should you start your business debt free, or should you take out loans? For your best success, debt free is the best way to go. This means you will grow your business through bootstrapping. Basically reinvesting money back into the business to grow the business. Way too many businesses fail due to being in debt, so let's discuss how to get your business going, debt free.

👉 Don’t Forget to Get Your Free Start-Up Guide: https://bit.ly/BusinessStartUpGuide

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SOME RESOURCES TO HELP YOU GET YOU STARTED : (some are affiliate links but no charge to you)

👉👉Recommended Bookkeeping:   My #1 Recommended Resource for Small Business Owners. A profitable business Starts with Knowing Your Business Numbers.  Quickbooks Online https://babolearning.com/quickbooks

👉 Quicken - Home & Business Finances https://babolearning.com/quicken .......Great for beginners with no need for online payment options (Windows version only will do a Profit & Loss Report)

👉 Affordable Online Business Plan Builder: GrowThink - https://babolearning.com/businessplan

👉 Create a Basic Website – Bluehost - https://babolearning.com/bluehost

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COURSE TO HELP YOU LEARN MORE
👉 Understanding Your Business Numbers - http://KnowYourBusinessNumbersCourse.com 
👉 Start a Local Small Business – http://StartASmallBusinessCourse.com

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WANT MORE? HERE ARE SOME OTHER VIDEOS TO HELP… 
👉 Pricing Your Products Correctly – https://youtu.be/AQ_mUb1E9MQ 
👉 Pricing Your Services Correctly - https://youtu.be/doAKxyRa4pM
👉 How to Read a Profit & Loss Statement - https://youtu.be/x6qdKGnWE0w

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PLAYLISTS of Videos TO CHECK OUT:
👉 Learn How to Read Your Profit & Loss Income Statement: https://www.youtube.com/playlist?list=PLkSR9dYanvV1YssoiyqLBUlgxYy2hYADj
👉 PLAYLIST: Pricing Your Products & Services https://www.youtube.com/watch?v=X89AFodPA3U&list=PLkSR9dYanvV0yWIzfFldB1sGx7Dfmn3Do3
👉 PLAYLIST: Learning Your Business Numbers Better:  https://www.youtube.com/playlist?list=PLkSR9dYanvV1tPjNcLppOPDDBn6i4Sdzw 

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More TOOLS TO HELP YOU RUN A BETTER BUSINESS
👉 Gusto Online Payroll - ( https://babolearning.com/gusto ) a fantastic, easy to use online payroll system. Why spend your time doing payroll yourself?
👉 JOBBER: https://babolearning.com/jobber &   HouseCall Pro (https://babolearning.com/housecallpro ) 
Online software for home service pros. Manage many day to day tasks, same time & money. Get paid quickly (link to Quickbooks) Both are easy to learn (even if you aren’t techy!) 

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Books I Recommend to All Small Business Owners – 5 Must Reads
👉 Profit First by Mike Michalowicz – https://amzn.to/3nBsCRC
👉 eMyth Revisited by Michael Gurber - https://amzn.to/3bMDTeR
👉 Atomic Habits by James Clear - https://amzn.to/3kpXs1m 
👉 Building a Storybrand by Donald Miller - https://amzn.to/3y5t0fS
👉 The ONE Thing by Gary Keller & Jay Papasan - https://amzn.to/3yciFi7
👉 The 12 Week Year - Brian Moran & Michael Lennington - https://amzn.to/3R54Smi

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MORE:
👉 Check Out the Website: https://babolearning.com
👉 Listen to the Badass Business Owner Podcast - https://www.youtube.com/playlist?list=PLkSR9dYanvV1HdqfORna6X2FaldWOyBkr
👉 Want to Help Support the Channel? Click the Super Thanks!  
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👉  DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better

👉  DISCLAIMER:  I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed.  I’m sharing my experiences with my businesses and those I have worked for and/or helped coach. 
 
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Local Small Business Owners are the Backbone of All of Our Communities! 


#podcast #KnowYourBusinessNumbers #startasmallbusiness