Maxed Out Credit

By: A Staff Writer

Updated on: Jul 30, 2024

Bootstrapping your business until your credit card is maxed out.

Shows resourcefulness, but high-interest debt is dangerous. It’s about managing risk.

Do This:

• Track Spending: Every penny counts – where can you cut back?
• Boost Revenue, Fast: Offer discounts for bulk buys, or raise prices slightly.
• Zero-Interest Options: Can you get a 0% balance transfer card temporarily?
• Long-term Plan: How will you repay this debt even as your business grows?

Sometimes, going into debt is the right call. Make sure you have a solid plan to get back out of it.

For more ideas, inspiration, and innovative tips, or help please visit https://www.venturehow.com