Rarely does a week go by that I don't hear about some small business person who cannot get a loan. PLEASE! The main reason we are in the mess we are in now, is that access to credit was too easy. If you could fog a mirror you could get a loan.
Now you have to actually be credit worthy. For a small business owner, that involves going the right things financially, like building equity either from your personal funds or from retaining earnings in the business. It means managing your business. Treating it like a business and not just a job.
Today if you have a healthy balance sheet, you can access credit. If you don't, instead of complaining about it, why not just get busy doing what you need to do to make yourself credit worthy. Lower your debt. Build your equity. Manage your cash flow. Watch your numbers like a hawk. Grow your market share.
Quit whining and get busy!
Mackey McNeill, CPA/PFS
Mackey Advisors
www.CultivatingProsperity.com
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