By Byron Moore, posted May 22, 2018
Originally published in the News Star and the Shreveport Times on Sunday, May 20, 2018.
Just the other day, one of my son’s friends, Grant, called me with a business question. I got to know Grant during his undergrad years, and quickly saw that he would make a sharp businessman. Not too long after graduation, Grant went into business with his father. He was excited about the prospect of building a family business and optimistic about their success.
However, he soon realized that he and his father had different views on debt. On the one hand, Grant’s father was totally against it. But on the other hand, Grant believed there was nothing wrong with debt if they could afford it.
“So where does debt fit into business?” Grant asked me, struggling to choose the next right step.