Tuesday, October 06, 2009

Don't push your creditors too far

BookValue
The Small Entrepreneur
B. Yerram Raju and Ram R. Pujari
(Excel Books)

Leaning on the trade

Don't push your creditors too far, advise B. Yerram Raju and Ram R. Pujari in The Small Entrepreneur: Starting & growing (Excel Books). `Leaning on the trade,' that is, helping yourself to longer credit period than suppliers have offered, is a useful way of overcoming cash flow problems, but there are costs attached to such a practice, the authors caution.

More

No comments: