Three take-aways for business owners who aim to be fiscally fit
Here are three take-aways for business owners who aim to be fiscally fit:
1. Recognize that your business needs steady access to cash. Whether it's to seize the next growth opportunity, to bridge receivables or buy necessary supplies, businesses require a ready source of capital.
2. Don't rely on bank loans. Even when one is available, a loan from your friendly banker may not be a great option.
3. Consider other options, by thinking outside the box. Using the kind of cash value life insurance I have described puts you in control. You can arrange to pay yourself back on a schedule that works for your business.
By: Pamela Yellen
- Felix Hendrata