Borrower Beware:
Your company must have cash to grow.
No surprise there, every business needs money to take care of overhead…Meet payroll…Pay for supplies…Grow…And to…Well…Stay in business.
But how you acquire that money…And what you do to get it…Can have a grave impact on the future of your business.
That’s what this article is for. To alert you of the hazards and risks in following what might seem to be typical wisdom in financing your business. And to show you an alternative.
Serious Mistake #1 — Using personal credit to finance your business
It’s also the most widespread faux pas. And it ranges from paying for business expenses with your personal credit cards to obtaining personal loans to finance the business and its expenses. Continue reading ‘7 Serious Business Credit Mistakes Small Business Owners Make And How to Prevent Them’ »