Читать книгу Finance & Grow Your New Business - Angie Mohr - Страница 34

One of your personal goals may be to make enough money out of your business to be wealthy, or at least be comfortable. You may see starting a small business as a way out of your current financial woes. This is a very dangerous way of thinking. You are likely to manage your business the same way you manage your personal life. If you have problems managing personal debt, that may be true in your business as well. If you don’t know how much insurance you need to cover off your personal assets, you may under-insure your business assets and unknowingly be exposed to risk.

It is important to clean up your own financial house before you start or buy a business. A bank will undoubtedly review your personal financial situation before lending the business any money. Suppliers who extend your business credit may also want to review your credit history and personal wealth. Your personal financial situation might end up crippling your business’s ability to attract investment capital. From a more practical perspective, if you don’t have your personal financial life under control now, where will you find the time to do so while building your business empire?

Integrating your personal financial planning into your business planning gives you a more holistic and global view of your entire financial life and will help you to define your financial and retirement goals.