AmiSight 7/7: There's Almost Always Another Way

One of the things I love most about my job is helping entrepreneurs see options they didn't know they had.

I spoke with a business owner recently who is coming out of a difficult period. She's carrying more debt than she'd like, and her instinct was simple: pay it off as fast as possible so she can eventually start growing again. It's an understandable mindset. Most of us are wired to believe that the fastest way forward is to eliminate debt.

What she hadn't considered was that paying debt down quickly isn't always the fastest path to growth. By refinancing her existing debt and stretching out the amortization, she could dramatically reduce her monthly payments, improve cash flow today, and start investing in growth now instead of years from now.

Will she pay more interest over time? Probably. But if that additional cash flow allows her business to grow, hire, and become more profitable, it may be one of the best investments she ever makes.

One of the biggest mistakes I see entrepreneurs make is assuming there's only one solution to a financial problem. Business and finance are full of tradeoffs, and the obvious answer isn't always the best one.

It's a reminder that there's almost always another way. Sometimes all it takes is someone asking a different question.

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