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Don't Build Your Business on Credit Card Debt
Qoins App • Jul 29, 2022
For every one story of a successful overleveraged entrepreneur, there are a handful of unsuccessful attempts that don’t make for interesting stories. Credit cards are not the way to finance a new company; they’re a very short-term liability. They should be used as a tool to manage cash flow, not create cash flow. There is a big difference. Stay away from financing regular business operations with a credit card that you do not expect to pay off in full at the end of the month.
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