The number one reason why most Job Function Email List businesses fail is that they're underfunded. That's a fact. And while, at one time, you could just about go to a bank Job Function Email List with a good idea and a great name and get a small business loan, it's a lot harder in today's economy to get solid funding for your business. There are lots Job Function Email List of ways to minimize your expenditures when you're launching and Job Function Email List growing your business, but let's face facts: you need some money to make money.
As I've preached to you week after week, you need funding to pay the Job Function Email List experts you should be consulting, the Job Function Email List designers and developers for your logos and web sites, marketing efforts, and more. Since I rarely recommend business loans to my clients (partly because they're hard to get and partly because my clients rarely actually need them), let's Job Function Email List get into some nitty gritty about alternative ways to fund your business startup or growth. 1. Get your personal finances in order.
Before you start looking anywhere Job Function Email List else, look at home. The very best thing that you can do for your business is to make sure your personal finances are in order. Ideally, you want to have good credit, an emergency fund, and long-term savings in place before you start Job Function Email List a new business venture. This makes virtually everything else easier for your business. If you have good credit, you have a better shot at the borrowing options Job Function Email List I'll talk about later. If you have savings, you can live on that until your business is able to sustain you. That said, most of us didn't start that way.