Tips from November 2, 2009
The Small Business tips today discuss money concerns for start up businesses.
- Create a plan. Map out what you have in order to fund your business to start a savings plan. Predict your cash flow.
- You could consider using personal savings, remortgaging property, credit cards or personal property as an initial financial resource.
- An established credit history and collateral make it easier to receive a small business loan. Plan, know your finances and apply.
- Keep track of each penny. Balance your checkbook and be conscious of spending. Saving a few cents will add up yearly.
Daily Overview: Funding a start up business is no easy process. You're best off to plan, have a history of being responsible and don't forget.. PLAN.
