03-10-2018, 01:03 PM
[quote quote=845]Many sources of finance, depends what you are looking for and for how long.
Personal loans (borrow from a friend, your savings)
Overdraft if only needed for short term
Investors (angel/etc.)
Community funded projects such as Kickstarter
Retained profits
Loans are the best for expansion on a medium/large scale. But obviously you have to be weary of your business debt to asset ratio.[/quote]
I don't see borrowing money from friends as a good option when you are looking for means to expand your business. Most people don't have the best intentions even when they seem to be your friends. One's savings is more favorable for me and also Kickstarter and Retained profits over a period of time. Overdrafts will kill your business instead help it.
Personal loans (borrow from a friend, your savings)
Overdraft if only needed for short term
Investors (angel/etc.)
Community funded projects such as Kickstarter
Retained profits
Loans are the best for expansion on a medium/large scale. But obviously you have to be weary of your business debt to asset ratio.[/quote]
I don't see borrowing money from friends as a good option when you are looking for means to expand your business. Most people don't have the best intentions even when they seem to be your friends. One's savings is more favorable for me and also Kickstarter and Retained profits over a period of time. Overdrafts will kill your business instead help it.