Should You Tap Into Personal Savings to Start a Business

[claireokc]

By Timothy Carter Building a business takes money. If you’re starting a brick-and-mortar traditional business, it could take tens of thousands of dollars to get things rolling. If you’re dealing with intensive infrastructure needs, you may need even more—in the realm of hundreds of thousands or millions of dollars. At the other end of the spectrum, you may be able to start a micro-business for just a few thousand dollars. In any case, you’ll need to put together some kind of plan to acquire these funds. You could get a loan from a lending institution to cover most of your expenses or you could work with a venture capitalist or angel investor (depending on the type of business you’re starting). You could even try crowdfunding or seeking help from friends and family members. ...

Source: https://www.theepochtimes.com/should-yo ... 47089.html