It is no doubt that inflation is coming. In fact, some inflation is already here. Gas prices are up, food prices are up, and other prices have risen due to demand. How will gas prices affect everything that needs to be shipped? Are you prepared for the price increases? Will these price increases affect your business?
For business owners, cash flow issues are often as disconcerting as revenue and profit issues. Slow or diminishing cash flow can have several profound effects on small business. Cash flow is generated when the business sells goods or services for cash or collects payments on accounts from customers.
The potential benefits of business credit far outweighs the efforts and investment in building corporate credit. Chances are that your competitors are building corporate credit. Large tech-based lenders have a strong interest in lending to businesses that have good business credit.