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Episode 42: Cash is King Listener Questions

The EcomCrew Ecommerce Podcast · August 25, 2016 · 40 min

Summary

On today's episode we are going to answer some listener questions again. Today's questions have to do with credit. You guys asked us, "How do I build business credit?" and "Why should I use credit vs. cash?" We answer these questions today and give you some insight into how interest rates and loans work for businesses. The points for "How do I build business credit?" Why it's important to have good personal credit. Issues that can affect a bank loan. Why time changes credit negotiations. Why you need PayPal to do business overseas. The points for "Why should I use credit vs. cash?" The benefits of credit. Credit as a tool. Cash as a tool. How to keep money in your company, while keeping up with inventory. How to build credit with vendors. Why you should only use credit for inventory. What are "net terms?" Some of the other topics we discussed today: How

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