Monday, February 7, 2011
Give me monies nao
I need funding in order to start my business. One way to get funding is self funding. I could get a job and save up; also I could get credit cards and take money out of savings. The next option and probably would do this on top of self funding, which is to borrow money from friends and family. Most likely I would be able to get money from family and also I probably wouldn’t want to borrow money from friends because I would not feel comfortable borrowing from friends (cuz that’s the type of person I am). But before I start to even think about funding I would need to write my business plan and try and calculate how much I need to start and maintain my business goals. And if/when my business would need to expand I would look into other sources of financing that were mentioned in class.
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