Over the years this Blog has written about the problems caused to businesses, the economy, and greater society emanating from the over usage of leverage; i.e. debt.  I have just published a book, Good Debt, Bad Debt and a Better Way Forward, that not only exposes the hazards of excessive debt, both private and sovereign, but also shares a real life experience creating a successful business without over leverage.

There are two basic long-term approaches to running a business: You can run it on what it earns or you can run it on debt.  Debt can be a beneficial financial tool if used to finance increased productivity and growth.  However, it is too often used to finance short-term gain for a few at the expense of the greater entity.

Business is about experience, winning and losing.  Good Debt, Bad Debt and a Better Way Forward is about creating and doing business without resorting to excessive debt, while growing a successful entity implementing that philosophy.

GOOD DEBT VS. BAD DEBT