Debt in Laboratory Medicine

There is good debt and there is bad debt. Debt that put money in your pocket for the long-term is "GOOD" while debt that takes money from your pocket is "BAD". Using debt to start a medical laboratory is "GOOD" once you have done your market research well and you have excellent sales skills. SALES IN LABORATORY MEDICINE is a financial assessment of medical labs similarly to how DEBT IN LABORATORY MEDICINE is a financial assessment of medical labs. They are both related and can either make a profit or loss for your business based on your management. In order to understand debt, you first need to understand sales.

Good debt is the road to financial freedom in Laboratory Medicine while Bad debt is the road to financial slavery. Debt can be your best friend if you know how to manage it in order to produce income. Debt is great for any Medical Technologist and it can help you to manage cash flow for your Medical Laboratory. Do the math, measure the return on investment, sell your idea to banks then get a loan, pay a little interest and enjoy the profits. The debt to sales ratio is one way lenders, including mortgage lenders, measure an individual's ability to manage monthly payments and repay debts. It is calculated by dividing total recurring monthly debt by gross monthly sales, and is expressed as a percentage. 

Learn how to use debt to produce income by understanding SALES and it will assure your financial freedom.