Getting credit management right

Trump card: A business credit card can help SMEs manage their business better.

BEING a business owner in this day and age can prove to be an uphill challenge, especially when the company is still in its infancy. As such, it has been a common practice among sole proprietors and small and medium enterprises (SMEs) to use personal credit cards for both business and private expenditures.

However, as the business expands and grows, it may be more prudent to switch to a business credit card and tap into its value-added benefits.