Jul 17, 2022
In Gardening Help & Advice
Build with business As you build Job Function Email List your business, it's important that you're prepared to build with your business. That is, as you take on clients Job Function Email List or customers, make sure you put the income generated by that business back into your business. It is important to get into the habit of paying Job Function Email List yourself a salary from your business, however if you're Job Function Email List bootstrapping, you may need to keep the money in the business instead of taking money out. Borrowing: Before I get into borrowing, Job Function Email List let me be clear: my clientele tends to be micro-small-business, coaches, consultants, independent professionals and contractors. I work with brick-and-mortar companies, as well, but Job Function Email List only occasionally. So when I say that I rarely recommend borrowing, that's primarily because I rarely work with a client whose business Job Function Email List needs warrant borrowing. If a client does need extra funds, however, there are three places that you Job Function Email List can find small-scale funding: a) Credit cards: Generally speaking. I don't recommend getting too deeply involved with credit cards. While it's a very popular option for many small business Job Function Email List owners and entrepreneurs, sky-high interest rates can bury you in the long run. It's best to reserve this for short-term, temporary needs. b) Angel investors: Angel investors typically invest in larger businesses Job Function Email List than micro-enterprise or solopreneur ships. However, you may be able to find someone willing to invest, if you can show them a solid financial forecast or a strong business plan that indicates they'll be able to increase their money Job Function Email List in a relatively short period of time. Be forewarned, though, that in this economy, unless you have a product or service, some customers or clients, and a clearly-defined exit plan, it will be hard to find an angel investor.