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Debt can be a useful tool for growth in your construction business when handled correctly. This week we're discussing the different types of debt, when it makes sense to use it, and the best ways to pay down debt without negatively affecting your cash flow and profitability.

 Topics we cover in this episode include:

• What is smart debt?
• Debt, starting a new business, and survival mode
• How much debt is too much when it comes to bonds and banks?
• How Profit First looks at debt
• Long-term vs. short-term debt
• The best strategies for getting out of debt 

LINKS

Visit the episode page at https://contractorsuccessforum.com/debt for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.

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Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com