With today’s financial uncertainties, how should business owners approach using credit cards? Will they actual help or provide an opportunity to get burned?

In this encore presentation, co-host D. Scott Smiths share important business perspectives on credit and cash flow, credit “equity”, working with spouse, and more. A discussion about survey numbers on what it takes to successfully start a business with credit card funding.

This is practical, with the goal of commutating how to be smarter with your business credit.

And by extension, managing your SBA loans.

Show Notes

d. Scott Smith can be reached at:

His book, “Motivational Listener” is available at Amazon: buff.ly/2StT8vd

  • Have a plan on how you will use your credit card.
  • Leverage equity or credit equity is ‘what value is left over after loan is paid off’
  • Charges should be used to grow revenues. Watch and adjust your debt-to-revenue ratio to keep it low.
  • Good paperwork and book keeping is essential be preventing paying credit card fees.
  • Good communication with spouse on business finances is key. Work out differences with your spouse long before any inevitable problems arise.

Old Business Wisdom

  • Be thou diligent to know the state of thy flocks, and look well to thy herds. For riches are not for ever…”Proverbs 27:23
  • …the borrower is servant to the lender.” Proverbs 22:7


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Kaufman Report: The Use of Credit Card Debt by New Firms


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