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Highlights
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Credit cards can be a valuable tool for the entrepreneur or business owner - or they can be a real bane, quickly putting a dent in a company's financial future.
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Here, we present 10 tips on how to head off potential problems once you do have one.
Credit cards
can be a valuable tool for the entrepreneur or business owner - or they
can be a real bane, quickly putting a dent in a company's financial
future. Richard D'Ambrosio, spokesman for American Express Small Business Services, says the key to not getting into trouble is proper planning. "Don't apply for a credit card without a business plan," says D'Ambrosio. "People look at credit cards and don't see it's like getting a loan from a bank."
In the February, 1998 issue of Inc., Phaedra Hise looks at why credit cards are now among the most common small-business financing tools in her article "Don't Start a Business Without One." Here, we present 10 tips on how to head off potential problems once you do have one.
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