Small businesses need a steady supply of capital (which includes cash and credit) to stay in business. Understanding the different sources of capital at your disposal and the risks and benefits of each will help you better manage your cash flow and stay in business, even during lean cycles.
Personal credit cards and loans are often easier to obtain than business financing. The trade is that you assume personal liability for the debt.
Whether you've got an idea for a business, are ready to launch, have been operating for years, need working capital or want to set your company up for a sale, you need a business plan.