Tactic 01
The Ramsey Show, The Ramsey Show
Don't Borrow To Scale A Business
The play
Grow your business using your own hard work, not borrowed money.
The Ramsey Show says
A caller took out about 90,000 dollars in short term loans for his deck and carpentry business, and is now unable to afford the payments. Borrowing money to expand a business is a dumb idea. The business went from 250,000 in 2024 to 350,000 in 2025. He was the magic sauce, taking the business from 250 to 450 in 12 months, not the loan.
Try this
If you want to grow your business, fund the expansion from existing profit instead of taking out a loan.