Financial Considerations for New Business Owners

Stephen L. Capper, along with his wife, Nora, and their daughters, Jami and Toni, owns and operates A-1 Awards, Inc. in Indianapolis. He has been associated with the awards and recognition industry for over 45 years, and has given numerous seminars since 1979.

Remembering to think about your purchases and how quickly you will turn your inventory can be a great boost to your success. But the one thing you must do is pay your bills on time and maintain your credit rating. Here might be a good time (at the beginning of your business) to talk with your banker and accountant. Keep in mind that both of these advisors want you to succeed because their business depends on your success.

—Stephen L. Capper, A-1 Awards

Read more budget and financial tips in the April ’19 issue of A&E.