Money is a topic no one really loves to talk about.
Unless you have a lot. Then it’s probably hard to ignore, and why would you want to ignore it?
For most though, it’s a hard topic. However, it is a necessary one, especially in this small business of yours. Money makes your Box – whether you acknowledge it or not – go round.
Sure, you might have started your business as a passion. But I’m sure you’ve experienced if your passion is sucking you dry, making it hard to put food on the table or pay your rent, you no longer love it like you used to. In fact, hate can often arise. Before long, you’re hating the thing you once loved so dearly.
I think that’s why discussing financing in Episode 30 of Box Talk is such a big deal. Although the opinion of debt and taking out loans differs between owners, I do think it’s a topic everyone should know about and understand. I’m not saying take out a loan; I’m saying understand what it means if you do, and what it means if you don’t.
It’s kind of like that new eating regimen you are looking at trying. You probably heard about it from someone and asked them questions. Hopefully you found a few other people to also chat about their success and failures with the nutrition program. You also might have popped online to read about how it works and all the details that go along with it. Before you even decide whether or not to pursue the eating plan, you’ve done your research and understand it to the best of your ability.
Why not do that with financing? And really anything else with business? Do we give each issue or idea our full attention? Do we research and weigh and ponder? Or do we automatically say no?
I think even if you aren’t looking for financing, Episode 30 can still be quite the learning experience. When it comes to money, we all could probably learn how to use it a little bit better. So take a listen to the podcast, learn about financing, takeaway some of Clayton Ferrer’s advice and apply it to your business to make it better.