8/12/2021 Tip: Use this Funding Source Wisely | Growthink

8/12/2021 Tip: Use this Funding Source Wisely

Today’s Quote

“Our attitude toward life determines life’s attitude towards us.”
~Earl Nightingale

 

Today’s Tip

Used properly, credit cards can be the cheapest form of working capital you have at your disposal. They can cover gaps in cash flow, or they can be used to fund endeavors that should result in a fast payback. But carry a large balance for a long time and the interest and payments will be way too much.

Some business credit cards provide 30-90 days of interest-free financing. If you pay off the entire balance every month, you have an extremely low cost of working capital financing.

But if you start carrying large balances without paying them down monthly, you will go from the cheapest source of working capital to one of the most expensive, and you will likely also hurt your credit rating in the process (lenders like to see your balance being less than half of your available limit).

 

Today’s Resource

Why Haven’t You Gotten Funded Yet?

Today, I want to share with you the key reasons why you don’t have the funding you need:

Get all the details here <— Click here 

In a nutshell, if you’re like most entrepreneurs, then you’re probably in one of two positions…

1) You know you need funding, but you don’t know where to start

Don’t let your lack of experience stop you from achieving your goals!

Even if you’re just starting out, I’ll show you how to get the money you need. (It’s easier than you think)

Click here to learn more and get started 

2) You’re trying to raise capital, but you’re just not getting any results

Most likely you’re taking the wrong approach! I’m going to show you a very simple but very effective step-by-step strategy for getting the funding you deserve.

Why haven’t YOU gotten funded yet? <— Click here to find out

 

Trivia

Today’s Question: Which American businessman founded Electronic Data Systems (EDS) in 1962 and later sold the company to General Motors?

Previous Question: The name of which company is supposedly derived from the transcendental god of Zoroastrianism?

Previous Answer: Mazda

It is also said that Mazda coincides with the anglicized pronunciation of the founder’s name, Jujiro Matsuda, who was interested in spirituality, and chose to rename it in honor of both his family and the Zoroastrians. Mazda means “wisdom” in the Avestan language. However, in Japanese, the company has always been pronounced and spelled as “Matsuda” leading many to believe that Mazda is really just a poorly anglicized version of the founder’s name.

 

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