If you want to grow your business, at some point, you are likely to need to borrow money. When that time comes, you will need to convince potential lenders that your business is on a sound financial footing, and that you will be able to meet the terms of the loan and pay it back.
Make sound financial practices the norm
It makes sense to prepare for the time when you need to apply for a loan from the day you start your firm. Company owners that take the time to improve their financial skills and get into good habits from the start are more likely to be able to secure the funds they need.