Читать книгу Start & Run a Bookkeeping Business - Angie Mohr - Страница 25

As much as you’d like to separate your business from your personal finances (and it is certainly wise to do so), banks and other lenders will be keenly interested in your personal financial situation, especially if you are starting your bookkeeping business from scratch.

If you are buying an existing business, the bank will be able to look at historical financial statements for the business to assess its profitability and viability. With a start-up business, however, lenders generally need further assurance that they will get paid back. From their perspective, if your personal credit history is a mess, it’s more than likely that you will end up making your business’s credit history the same way. Your personal financial situation may end up crippling your business’s ability to attract investment capital.

From your own perspective, if your personal financial life is a mess, you will have even less time to clean it up after you’ve started your business than you do now. Considering your personal financial well-being and integrating it with your business goals will help you to look at your entire financial situation more rationally and holistically.

Here are some issues to consider when straightening up your personal finances.