Can credit work for your business?

Managing a business without funds hinders your competitive advantage significantly, leaving you at the mercy of every crisis. A new company can grow as the economy improves, but you need real capital to make that happen. Your company’s credit profile is one of your greatest assets: It lets you access better lease terms and loans while ensuring that resources are at arm’s length.

The goal of credit should thus not be to create static debt but to manage it responsibly enough to build a squeaky-clean profile. To achieve this, Terry discusses the importance of Credit, making payments on time, and your credit score and profile.

Entrepreneurs need to be prepared as your credit profile can heavily weigh on your company’s reputation.

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