Understanding the intricacies of business financing is crucial for any entrepreneur looking to sustain and grow their enterprise. In my 21 Hats column today, we delve into the fundamental differences between term debt and revolving debt—two critical yet often misunderstood financial tools. By exploring real-life cautionary tales and providing practical guidelines, we aim to equip you with the knowledge needed to make informed borrowing decisions. Whether you're planning a major investment or managing everyday expenses, mastering these concepts can save your business from costly mistakes and pave the way for financial success.
Click the link below to my 21 Hats column to continue reading about how to strategically leverage debt and avoid common pitfalls.
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