Article: Starting Your Business: It All Boils Down To Making Money And Saving Money
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Starting Your Business: It All Boils Down To Making Money And Saving Money
Bootstrapping in the context of business start-ups refers to the use of creative financing approaches such as leveraging personal savings, credit-card debt, loans from friends and family, bartering, and other means to launch a business. Some business founders use bootstrapping because they have no other choice. Just about anyone who has approached a bank has learned that ?only established businesses need apply.? Bankers typically look for cash flow, assets, an established customer base, and a successful track record on the part of the business that is seeking a start-up loan. Obviously, this is a short list that is impossible to fulfill when you are just getting started.
While many would-be business owners develop a sincere sensation of disgust upon learning these financial ...
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