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I agree. For most small businesses, going the Dave Ramsey way is best. Be debt free, build a cash cushion, and as you say grow slow and methodically with cash not cash you think you might have next month.

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While it sounds doable in theory, it’s hardly doable in today‘s (well, yesterday’s) market conditions.

Low interest rates and an abundance of cheap money looking for yield distort the environment. Your debt-free, slow growth company will be wiped out by some bilion $ valued cash-burning startup.

esp if your primary cost is payroll... i ran a business and if we had to shut down even with super high savings rate of 20%, our payroll would have knocked that out in a couple months.

Dave Ramsey is a good way to be poor for your entire life, while thinking you're making slight slow progress.

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