If you have idle cash, make sure it's in an interest-bearing account. Payroll, accounting, and benefits can be handled by outside companies with expertise in these highly complex fields. Good ones are well worth the money. For details, check out stories from our archives and the Buyers Zone guide to payroll services. Use credit-card debt sparingly.
Many entrepreneurs use credit cards to start a business or tide it over in tough times.
Keep a close watch on the national economic picture for signs of an upswing in interest rates, which could result in a higher payments for you. For more information on managing your business finances, go to the SOHO Guidebook . The McGraw-Hill Companies Inc. All rights reserved.