You NEED to understand the concept of leverage | Finance Friday
Leverage is an extremely powerful tool that can fuel your businesses growth. By using other peoples capital to expand your business, your return on investment is much higher because you're not using your cash on hand to finance the growth; allowing you to reinvest it in other areas of your business. However, leveraging debt is a double-edged sword and needs to be used responsibly. On this weeks Finance Friday, Jon Katz, our VP of Marketing, gives insights into how you should be leveraging debt.