Manage Your Debt
Consistent growth is essential for success in small business. As a business person you know that rapid growth can outstrip your organisations ability to finance itself. While this writer believes the time-honoured maxim "Neither a borrower nor a lender be" is the safest path. When an opportunity presents itself you have to be able to respond at a moment's notice.
If you must borrow, do it from a position of strength, being prepared is the best armor you can carry.
If you are going to convince a lender of the viability of your plan, your needs and goals must be documented. A business plan (contained in this section) is the first part of this.
© COPYRIGHT 1995-2000, Ozbiz Holdings Pty Ltd