Sep 1, 2020
In this episode called 2 Financial Myths That Can Put You Out Of Business, Billy discusses 2 common but potentially destructive myths when it comes to business finance and debt.
- Billy shares Lessons From The Mentors
- Pay attention to the paradigms you have
- 71% of business owners who use credit cards carry a balance
- Know yourself
- You don’t need to borrow money to grow your business
- “We delight in the beauty of the butterfly, but rarely admit the changes it has gone through to achieve that beauty.” – Maya Angelou
- Risk is often ignored when taking risks
- Brent Gallagher pays cash for bigger purchases
- Get creative when doing financial planning
- Plan based on the slower months
- Build your reserves
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