Articles
legacy
Good Debt vs. Bad Debt: Unlocking Smart Growth for Your Business
When it comes to borrowing, many business owners instinctively shy away from debt, viewing it as something to avoid at all costs. However, not all debt is created equal. In fact, understanding the difference between good debt and bad debt can be a game-changer for your business’s growth.
What Is Good Debt?
Good debt is borrowing that creates value or enhances your business’s future performance. Examples include:
- Investing in Growth Opportunities: Expanding your operations, upgrading e…
Empowered Succession Planning: Lessons Learned from Decades of Experience
As a fractional CFO specializing in family-owned businesses, I’ve witnessed firsthand how lack of preparation can devastate even the most successful companies.
I recently discussed these principles on the Journeys of Not So Ordinary People Podcast with Dr. Joe Hamlett and Dr. Dave Peltz. We explored the emotional and financial challenges of succession planning, along with practical strategies to prepare for the future. The conversation highlighted why so many businesses fail to plan adeq…
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