What the Banker Found
Keep meticulous financial records from Day One, or pay the price later.
"Always dress for the job two levels above yours." That bit of advice came from my first real boss when I was a fresh-out-of-college newbie banker. She meant the advice literally. But over my corporate and entrepreneurial career, I've seen how important "dressing up" figuratively is, too, for a startup business.
If your goal is to qualify for a bank or SBA loan a year or two down the road, start dressing the part now. That means, among other things, having a good financial management system.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
Get 3 months free with code ZENDESK
Presented by zendesk