While there is immediate circulation of funds an entrepreneur is happy because he puts his business back on track but the main problem here is the growing debt an entrepreneur has to face with every swipe. "To put it bluntly, they (credit cards) are for those who do not understand the basics of managing cash,” said Manish Sharma, CEO and founder Printo.

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Professional Insurance is different

Personal and professional insurances are different and have different purpose, while signing up for insurance an entrepreneur must be keen on selecting the right kind depending on the stage of the venture. He must also be very particular about not using personal insurance to fund business expenses. On the other hand, the need of such insurances becomes very important in businesses that deal with physical inventory because it comes as a protection during natural calamities or in case of accidents. "That's an absolute no-no, get insurance separately for your company; it protects your venture and is the right decision,” says Mukesh Bansal, founder and CEO, Myntra.com

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