One of the most daunting four-letter words for entrepreneurs—particularly women entrepreneurs—is the word D-E-B-T.
Most of us have had debt, or are in it right now and desperately trying to get out of it. We want to grow our businesses, but we cower under “tough love” financial advice from advisors like Suze Orman.
I love Suze’s advice on investing, and I’ve had the pleasure of speaking on stage with her. But she got my goat when she recommended that aspiring entrepreneurs should build impeccable credit first, and save TWELVE months of operating expenses… BEFORE starting a business at all!