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A small business blog featuring tips to help entrepreneurs succeed in the small business world. Topics include family business, human resources, marketing, money, networking, operations, ownership, startup, taxes and technology.
How NOT to Fund a Business
How many of you have used a credit card for a business expense? With credit card companies aggressively offering easy approval with sizable credit limits it’s understandable why many people do this.
Banks put small business owners through the wringer before lending money. … if the banks want to lend responsibly, look at it from your own point of view: why would you want to borrow irresponsibly? Because that’s exactly what using your personal credit card can be.
Bottom line: be responsible and use the credit card(s) sparingly. Your business will be much stronger, and you will be much happier.
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