5 Tips on Budgeting for Future Growth in Lean Times

Write down 10 challenges your business faces and then ways you can overcome them. This list will help address potential pitfalls, including rising postage rates and fuel costs, long before they affect your business and your customers.

2. Line up several sources of financing. Get a jump on potential problems by lining up several sources of financing. Match the sources and uses appropriately. Use short-term financing options such as lines of credit, short-term loans or credit cards for short-term cash needs, and long-term or secured loans only for the purchase of long-term investments.