Step 9 in the plan for making your business financial strong is to pay your debt down on an accelerated schedule. (Click here for a short recap of the complete 10-step process.)
This is a step that becomes increasingly important (and doable) as your business matures financially.
Debt is generally helpful in building your business. But as your business becomes more and more successful over time, it becomes easier to pay your debt down faster.
No need to go crazy in driving the debt down. Just consider bringing it down faster than it is currently being amortized.
It might feel strange at first.
But you will come to love the feeling of strength and accomplishment watching your debt shrink. It's one of the rewards for creating a company that is financially strong. J
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