Financing is always a consideration for newly established small businesses. During the early, critical years, adequate capital is necessary to nurture and to help the small business overcome its teething pains. The theoretical financial provisions made in the business plan may well not cover everything in practice. There are usually a couple of unforeseen and unplanned circumstances that will demand some additional cash. This is where a business credit card comes in really handy.
If you are asking whether it is absolutely necessary to have a business credit card, then the answer is: No, a business credit card is not an absolute necessity. But who says it cannot be of valuable assistance? The truth is that when a cash flow crisis arises, a business credit card offers you both the confidence and the cash to overcome the hurdle. Whilst financing the business from a credit card may seem a little expensive, it becomes essential if you need to buy a few items or pay for a transaction while your cash is still tied up in product inventory.
As long as you manage the payments on your business credit card properly, in other words, pay all the charges due for that particular...
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