Debt can be an excellent option for some, but it's not for everyone. If taking on any amount of debt means that your anxiety will go through the roof and <a href="https://www.inc.com/ami-kassar/how-to-choose-your-growth-lane-sleep-well-at-night.html">prevent you from sleeping</a>, then don't take it. Debt can be evil if you misuse it, but it can be a great tool to grow if used correctly.

The Two Sides Of Debt

Having a set monthly payment is a predictable way to manage the remainder of your cash flow each month in case of emergencies and to preserve future profits.You don't have to wait for your cash flow to skyrocket to grow, and you don't have to sell equity to grow and try to become a unicorn. But, in the media, you always see the entrepreneurs highlighted who were able to grow their company at an incredible speed, and sometimes you may wonder, why not me? Why can't I do that?

A Limited Income Every Month

Many of us don't have the tolerance for high risk and speed. Maybe we did at one point, when we had nothing to lose, but now there's everything to lose. There are plenty of growth lanes in the middle, and you should never be ashamed of taking one of those. This is your business, so do what works for you.

Risky Business

Business owners should remain open-minded and take in all the information they can that could benefit their company and lead to a better life for them and their employees. That's what you owe to yourself and the company. By educating yourself about debt, you will gain perspective and clarity on what other options are available for you to grow your business in a way that feels authentic and safe. You would know another way to finance your company's growth without sacrificing control and future profits.

Being Open-Minded About Debt

It may seem like a worn-out concept, but don't compare yourself with others in business. Instead, educate yourself, gain perspective, and choose a growth lane that fits your risk tolerance. This will help you sleep better at night, and it will help you feel better about where your company is at.

You Are Unique

Equity can be more appealing than debt, but it's also almost always more expensive.

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Debt, Used Well, Is Not Evil

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