Forum Discussion

Jobber Ambassador

5 months ago

Should service businesses use debt to grow and scale, or stay debt-free?

How do you view using credit lines, vendor lines of credit, credit cards, and loans to grow your business? If you prefer to grow debt free what is your strategy? What do you think are the pros and co...

Jobber Ambassador

4 months ago

What do you think are the signs that a company should not be focusing on scaling, or using debt to grow?

KellyUGuerrero

Contributor 4

4 months ago

I think if your business is in the red, it's not the time to be scaling or trying to take our debt. Your basics need to be solid before you take on the added challenge of growing or pulling debt.