So how is borrowing money like raising capital? Well, the same rules that apply to personal finance also apply to financing a business if you plan to use credit to fund your new venture. Sure, some aspects of this post apply more specifically to folks who hold down a job working for someone else. But managing credit both personal and professional remains critical for small business owner too. Especially if you capital comes from just one investor...YOU.
Borrowing Money for Your Business?
Posted by ShawnHessinger under Raising CapitalFrom http://financialhighway.com 5077 days ago
Made Hot by: BusinessBloggerPro on June 3, 2010 5:14 pm
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Comments
5075 days ago
thanks Shawn for such a great advice
5077 days ago
Great post and great advice which has ramifications on business. My favorite peice of advice is borrow as little as you can or need to. It doesn't go far toward building a great history but it tends to keep me out of trouble! Right now I'm trying to pay back a student loan (WVU...go Mountaineers!) on a freelancer salary which is not easy.
I guess I'm lucky to be in a profession that requires no real capital and no other equipment than a computer.
All the best,
Yoni
5077 days ago