Small businesses can have access to more debt than they realize – and it can slowly crush them if they’re not aware of its scale.
In very general terms, there are three categories of debt: low, medium, and high interest.
Challenges arise in understanding the type of debt that you hold, and the amount in each category – use this worksheet to get a grip on your debts.
The real eye-opener comes on the bottom line, when you realize how many incremental sales dollars are required to offset your cost of debt. This, in very real terms, is a duplication of marketing dollars.
If your business is struggling with debt, we can help right the ship. Contact us using the form below.