How much debt is lurking behind our credit reports? One WalletHub study found that the average household owes $8,600 to credit card providers—which is unsurprising, given that Americans have collectively racked up more than $1 trillion in IOUs (I own you, or debts). In other words, founders are more likely than not to be floating in fiscal purgatory.
Does this mean it’s impossible to succeed? Of course not, or we’d never have any startups at all. Entrepreneurs just need to plan carefully and take calculated steps forward.
