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Podcast: How to Lend Money to Strangers
Episode: Fueling your business with other people’s money, with Jonathan Fodera (Integrated Business Financing)
Description: “Would I prefer cash through debt, or cash through equity?I would always choose cash through debt - what happens in partnerships is one person always works harder, and there is always some level of resentment towards the other ones, (and) you could always find a coach, you could always find a consultant or a mentor. And typically, you're going to have a lot fewer challenges.”There's good debt and bad debt. Essentially, debt is good when it is funding the purchase, today, of an asset that will create value in the future. This is why...