There comes a time in every business owner’s life the decision to start your own business. You may have had a plan, you may have been thinking about it for years, or it may have taken advantage of an opportunity when it presented itself, or you may have not even known you starting a business at the beginning. No matter how your business began every small business requires working capital to operate on a day to day basis.
Working capital is the backbone of small business. Without it your business would not be able to work with vendors, buy inventory, hire new employees, start a marketing campaign or upgrade your equipment. I don’t preach the mentality of money will solve all your business problems, (as we learned from The Notorious B.I.G. RIP circa 1997 “Mo Money, Mo Problems”) but if you understand how your business can use money to create real ROI it’s not a harmful thing either.
Your business may one day need working capital financing to push your business onward and upward. This 5 minute video explains everything you need to know to make the best financing decision without negatively affecting the health of your business.
Enjoy!
Questions about working capital financing? Email me at akrantzow@ondeck.com
