No Tears for Fears! Tips to Manage Your Business Debt Better
By Roberta Rosenberg on Apr 8, 2008 in Running Your Biz
photo credit: liz_com1981
Well, I’m still digging out from under after a whirlwind jaunt to NYC for Blogger Social ‘08. I’ll be providing my own personal wrap-up this week, but for now … as I sort through my little taxi receipts and other proofs … here’s a nicely written piece from Bankaholic for folks just like us.
See it here: 8 Easily Avoidable Causes of Business Debt.
I’m celebrating 21 years of microbusiness entrepreneurship this month – yeah for me! – but I still watch the pennies.
Notice I didn’t say copywriting or freelancing. I may be a copywriter/consultant/maven, but I own/manage/run a business and treat it like one. I always have and yes, so should you. Even a creative business is still a business. (My personal biz mantra is … “My biz may be small but I run it big.”)
So that’s why I urge you not to be afraid of debt. It can be a great leveraging tool to the next level and the one after that. But you gotta use it wisely and sparingly. It’s the little crap that will come back and bite you in the hiney.
Okay, back to my clearing my desk and sorting my receipts!
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James Chartrand - Men with Pens | Apr 8, 2008 | Reply
Now that’s actually interesting. I never thought of calling my business that – and yes, I refer to what I do as “entrepreneur” and “business”, not “writer”. I never though of pushing that forth even more.
Must go read the article. Money matters are always good to read over.
aiks | Apr 9, 2008 | Reply
Great article. Financial problems in businesses is a common factor. Before I start my own business I make sure that I have enough cash as my capital and also I use business credit cards for emergency purposes. It helps me separate my personal expenses from my business expenses. I always put in mind that I must be a responsible creditor too.
aiks’s last blog post..What are the Advantages of Using Business Credit Cards
Craig McNamara | Apr 11, 2008 | Reply
As a entrepreneur of some 13 years, I especially liked your line here that you don’t refer to yourself as a copywriter or freelancer. I’ve always said that its my commitment to this as a business that separates me from the “dabblers” who are just trying to make ends meet between jobs. You have a much broader perspective when your ongoing success depends on client satisfaction with whatever your doing for them. Standards are appreciated; prima donnas aren’t.
(Daily advertising commentary at craigmcnamara.blogspot.com)
Craig McNamara’s last blog post..Workin’ the angels — I mean, angles
Tom Chandler/Copywriter Underground | Apr 11, 2008 | Reply
Hey Roberta: Can you spot me a $20?
Tom Chandler/Copywriter Underground’s last blog post..Guess I Didn’t Want to Work For Free Badly Enough
Roberta Rosenberg | Apr 12, 2008 | Reply
@ James, Aiks, and Craig – doesn’t sound like you needed the reminding, though it’s always good to be nudged once in a while
@ Tom – you bet. You have any collateral or maybe you could write a couple of free guest posts for me … what say you?
Rachael | Apr 16, 2008 | Reply
So that’s why I urge you not to be afraid of debt. It can be a great leveraging tool to the next level and the one after that. But you gotta use it wisely and sparingly. Thanks for the tips!