“This year I’ll lose weight, start exercising and enjoy life more!” Sound familiar? Yep, it’s New Year’s resolutions time! This year, look beyond the personal and make business resolutions that can strengthen your bottom line.
There’s good business debt and bad business debt. Good debt has low rates, long terms and manageable payments. Bad debt, like credit cards or lines of credit, has high rates, short terms and payments that cut into cash flow.