I often get this question from my coaching clients who are starting a new business. Usually, they are referring to revolving versus non-revolving debt. Revolving debt is the kind of debt that is associated with lines of credit issued to credit card holders. Non-revolving debt is associated with mortgages, vehicle and student loans, and other … Continue reading Should I Be Debt-Free Before Starting My Business?
One of the first things that prospective entrepreneurs must consider when starting a new business is funding. Without the right amount of start-up capital, growing your business can be much more complicated and cumbersome than necessary. There are many effective ways to secure the right amount of money to start your business. Here are a … Continue reading 4 Ways to Fund Your Start-Up
When it comes to business finances, choosing the right business credit card is a must. Not only is a credit card important in establishing your business credit history, it is also a viable line of credit that your business can benefit from during periods of financial instability. Likewise, business credit cards are a great resource … Continue reading How to Choose the Best Credit Card for Your Business
One of the first things that I advise new business owners to do after they have established a legal business entity is to start building business credit. Business credit is just as important as personal credit as it serves the same purpose, which is establishing financial credibility and accountability. In the same way that an … Continue reading Why Business Credit is Important for Start-Ups