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detailthis said:Remember from a buisness standpoint, to use other people's money when possible. Meaning finance your equipment, rather than paying cash. It won't hurt your cash flow that way.
ZaneO said:That is bad business advice, IMO. There is no sense in paying extra (via interest) for a relatively cheap piece of equipment just for the sake of cash flows. Saving for a couple of months will in turn give you "free" cash flows once you purchase your equipment without financing.
Most successful businesses utilize as LITTLE of "other people's money" as possible. Debt in small business is a last resort, IMO.
detailthis said:IMO, It takes money to make money.Especially if your just starting out, $1500 is alot of $$$ to drop at one time. You come across a slow month your gonna wish you had the 1500. I'd rather pay the relatively inexpensive montly payment. Interest is just another tax deductible buisness expense. The idea of having to save for 6 months to get equipment that could of helped me make more money 6 months ago doesn't set good with me. Just my 2 cents. Totally respect your buisness philosophy though.
detailthis said:IMO, It takes money to make money.