If you take the money with any strings attached at all, you basically have to grow like cancer or your company will be sold for parts. It's inevitable at that point

Don't take the money kids. If you have to take a business loan in the beginning - fine,

[–] andioop@programming.dev 2 points 19 hours ago (1 children)

was the comma a typo of a period, or did you have more to say here? if you have more to say i'm eager to listen

[–] theneverfox@pawb.social 2 points 12 hours ago

I meant to delete the comment to keep things simple, but what I was going to say is something like

fine, but debt is like gambling. There's situations where it makes sense, but it's addictive. It's mortgaging your own future, even when it maths out it's a risk - shit happens

And if you over leverage and under perform, it's over. If you can pay yourself and your employees, you're better off never taking on debt again.

Like Wegmans. It's the very best grocery store, everyone who goes there agrees. They grow slowly because they only open new locations when they have the cash to do so, and so they never have to compromise on quality in any way