Financing your Business
The options for financing your business are to either self finance, or obtain
a loan. The loan can be one from your family or friends, a lender, or
partner. The lender can be either a private money lender, or a bank.
The partner can either be a full partner or a limited partner.
Self Financing is always the best option if you can do it. It will be
your money and you will have full control of your business. However,
an overabundance of start up money is not always a luxury that most of us have -
so getting a business loan is usually required.
Investors, even friends & family, will usually want some type of ownership
and/or control of your business to protect their interest. Any type
of loan can burden the business with an additional expense of the loan payment
with interest, which can delete your profits.
The start up costs of your business is one of the steps that you should
proceed cautiously, as it will affect your operations, and the important
financial success needs.
Resource Link - Financing