As a female founder and CEO, you might think that debt in your business is a bad thing. However, did you know that if you’re running a business, chances are, you likely already have business debt? One form of business debt is paying your suppliers a few days after they send an invoice. Now, this is a type of short-term debt financing strategy. There are many other ways you can leverage business debt finance to build and grow your business. You just need to learn how.
In this episode, I’ll discuss the calculations you need for determining if your business is ready to take on debt as a financing strategy. Debt doesn’t have to be scary. In fact, there’s a wealth of possibilities you can explore if you have the right mindset. So tune in to this episode to learn more!
Episode Highlights
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Resources
Visit Christina Sjahli’s website for related episodes on the Her CEO Journey™ Podcast.
Understand whether your needs fall under long term debt financing or short term debt financing with the previous episode of Her CFO Tips:
Her CFO Tips: Financing Strategy Based on Short-Term versus Long-Term Capital Needs
Download the Debt Service Coverage Ratio Calculator, so you can see if your business can handle debt!
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