When it comes to conveying what your company is passionate about, many business owners start by putting pen to paper and writing out their mission statement. Obviously, this is important.
For a startup to survive and succeed, it needs to manage cash flow with utmost care and skill. Founders and business owners often find it challenging to maintain a steady handle on their burn rate, and this has become a common reason for many startup failures.
Part of your business’s success comes from leveraging whatever talent and energy you have to make your company grow. That philosophy should carry over into how you handle your credit card choices.
Ask yourself: How confident are you in your company’s financial position? How much knowledge do you have about the transactions and activity that flow in and out of your books? Not to mention, how much faith do you have in the accuracy of your financial picture?
Many business owners I talk to aren’t necessarily cut from the traditional entrepreneurial cloth. After all, we can’t all be 12 inventor/business moguls like Moziah Bridges of Mo’s Bows