.Starting a business entails a huge financial risk. It can go other way: succeed or fail. Thus, it is important to determine what can you lose and how much you are prepared to risk for your new business. CNBC’s personal finance correspondent Sharon Epperson, author of “The … [Read more...] about Know Your Financial Risk
If you are looking for a bank loan to start a business, the first step is to learn how to contact the banker the right way. But how do you approach a lender? How do you prepare to increase your chances of getting a loan? What do you need to present? What are the questions to … [Read more...] about First Steps in Getting a Bank Loan
.It is highly recommended that you invest your own money in your business. It will give you the extra push to work harder (after all, it's your money on the line) and make the business succeed. Plus, even banks and investors -- if these are options for you -- always look to see … [Read more...] about Bootstrap Your Business
.Unless you have a deep pockets or has the support of rich relatives, it is critical to prepare a detailed, well-thought out plan. This is especially true if you are looking for investors. Investors will not give your business the capital it needs if they don't see any … [Read more...] about Plan for the Rainy Days
.How often do you hear this statement from startup entrepreneurs: "I have a great idea and all I need is an investor." A lot. Unfortunately, this statement is a clear indication that not enough thought has been given to creating a financial plan for the business. They simply … [Read more...] about Important Considerations When Looking for an Investor
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