Claire talks through three real client scenarios from the last few weeks where business owners came to her wanting to take on debt, and she told all three of them not to. This episode breaks down why, what she suggested instead, and how a genuine growth opportunity can look identical to a cash flow problem you haven't fixed yet. If you're weighing up a loan right now, listen before you sign anything.

Key Topics Covered:

• Why a seven figure business wanted funding to accelerate growth, and why the numbers showed the existing business couldn't actually generate enough cash to repay the loan
• The difference between scaling a profitable business and scaling a loss
• Why directors taking dividends out of the business can mask a much thinner profit picture than it appears
• A seasonal business considering an expensive unsecured loan to cover a short eight week cash flow gap, and the two cheaper alternatives that solved it instead
• How a business that had just acquired another company avoided getting locked into invoice financing by using an underused asset instead
• Why the right answer to "should I take on debt" always depends on what you're actually trying to achieve

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ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 7 & 8 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.