Should I Start a Business Despite Heavy Personal Debt?
But if you have done a significant amount of market research, have a team in place, prospective customers, interested investors and experience, then the timing may be right even though you are carrying debt.
You should be as informed and prepared as possible to start this venture. Even if it doesn’t work, you want to be able to say that you left nothing on the table and gave it your best shot by making the smartest decision at the time.
I hope you find this guidance helpful and good luck with your decision.