Previously, I've written about why it's important for businesses to have access to a line of credit and that the option of debt doesn't have to be scary. But when should you use your line of credit, and how should it play into the overall strategy of your operations?
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Responsible entrepreneurs review the bigger picture of the fiscal year and incorporate their lines of credit into their business plan, carefully weighing out decision-making for payroll, inventory, and access to cash.
I expand on this topic in my 21 Hats column. To gain a deeper understanding, you can read the full article by following the link below.
