Читать книгу Start & Run an Event-Planning Business - Mardi Foster-Walker - Страница 44

Personal savings

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The ideal situation for starting a new business is financing it yourself. If you have the personal resources to run your business until it returns a profit, you will have no lenders to answer to, no bank interest to pay, and no financial responsibilities other than to yourself and your company. There is no better or less stressful way to start a new enterprise than debt free.

If the financial demands of your new business are small, you might want to consider waiting until you have the savings to independently finance your venture. If you are starting a larger venture that needs more initial capital, it will still be necessary to show potential lenders and investors that you have something more to invest than just your ideas and time.

Start & Run an Event-Planning Business

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