Create Your Business’s Safety Blanket
Startups are like rollercoasters—you never know if a dip’s around the corner. While wiping out every risk is a fool’s errand, having a Plan B (and maybe C) keeps you riding instead of wiping out.
Stash a modest emergency fund, enough to weather sales pink slips or surprise costs. This cushion stops you from diving into predatory loans or making snap moves just to keep the lights on when the going gets tough.
Look, managing debt is no reason to break out in a cold sweat. With a pinch of foresight, savvy financial moves, and laser focus on growth, debt morphs from a stumbling block into a stepping stone. Ups and downs? Guaranteed. But grabbing the reins early sets your long haul on the road to prosperity. Every dollar should pull double duty, and remember, slow and steady wins the race—not a frantic sprint.
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