Since many of my sharpening friends use credit cards to finance their business, I thought it would be prudent to share this article with you from the Wall Street Journal. I am a big fan of credit cards, WHEN THEY ARE USED CORRECTLY!! If you don't use them correctly, YOU WILL GET HURT!!!!
As this article shows, credit cards can be a great source of capital if you use them to buy products that will turn into cash flow, but you always need to KNOW and WEIGH the cost of that debt!!!! In this write up you'll find a listing of some credit cards that are geared toward small business. It's worth a look!
There is good debt and there is bad debt! Before you take on any kind of debt, know what kind it is!!!!