Use Trade Credit Sparingly

Don't abuse credit from your suppliers.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You may be able to obtain a large amount of credit from suppliers to offset some of your start-up costs, but don't mismanage or abuse this valuable asset. Never let accounts payable lapse beyond the prescribed terms. The effect on both your relationship with suppliers and your credit rating will be negative.

Excerpted from Starting a Home-based Business

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