← Starting a Business in 2012? Follow These 7 Financial Guidelines For Entrepreneurial Success

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By Elayne Fluker | Published December 11, 2011 | Full size is 620 × 481 pixels

3. Do seek "trade credit" from vendors and suppliers. Too many entrepreneurs dream of going to a bank and getting a business loan or line of credit for their enterprise. But maybe you don’t need a traditional bank loan at all to launch or grow your business. If you can get your vendors and suppliers to agree to provide you with trade credit---i.e., the ability to pay for goods and services over time---you can creatively and more frugally run your operations.

3. Do seek “trade credit” from vendors and suppliers.

Too many entrepreneurs dream of going…