All businesses finance their operation in different ways and means. I am interested to hear how you finance your business and if you believe that it provides you the best option in growth and flexibility.
Myself i have financed my business primarily though a supplier account that i managed to secure and get the limit increased on. This only was useful until i started getting large order's for product that they did not stock. After this i turned mostly to credit cards, to this day i have not paid a cent of interest on the cards, with the exception of a bank mistake which they claim to not be able to reverse, it was about $20 and spent more time then i wanted trying to fix it and gave up in the end. The biggest problem i had with credit cards, at the peak of my business i was just finding that the limits on the one i had was to small. However now i am at the point that i am trying to find ways that i can make use of this limit to improve my business.
Anyway please feel free to share, just general idea is fine.
Bookmarks