I hate debt-especially for a teenager starting a micro business!
Dollars and Sense host, Carol Topp and guest host, 17 year old Jonah Wilson, discuss 5 dangers of using debt to start a micro business.
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In the podcast, Carol and Jonah mention Starting a Micro Business, a helpful book (and ebook) that can be very helpful in launching your micro business.
Show Notes:
5 dangers of starting a micro business with debt
- Debt presumes on the future
- Debt encourages quick decisions, not careful planning6
- With debt, you are a slave to lender
- A loan can increase the risk of failure
- Debt can stop blessings.
Listen to the next Dollars and Sense Podcast (Episode #17) where Carol will discuss paying workers in a homeschool organization.
More from my site
Start a Micro Business with No Money. Dollars and Sense Show #15
Business Tips for Writers Part 1. Dollars and Sense Show # 34
Special Replay: Easy Fundraisers for Homeschool Groups
How to teach teenagers about managing money (when you’re not doing so great yourself)
Homeschool Co-ops: How to Start Them, Run Them and Not Burn Out
How to Teach Teenagers and Recent Grads About Money. Episode 46
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