Investment by foundersQuestion Do I need my own money to start a business?
Answer Yes. Owner equity, and usually personal guarantees by the owners, are commmitments you should expect to make.
Any future financial participants, like banks and/or investors, are going to want to see that you not only have the ability to be a financial participant yourself, but that you believe in what you're doing enough to risk it.
Brain Trust contributor:
Author of Instant Profits: Making Your Business Pay
Related Categories: Banking, Business Start Up, Cash Managment, Entrepreneurship, Financial Planning, Investors
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz |
AskJim ID: 790
|





