Raising Money

The secret to your financial smarts might be in the way you were brought up.

What separates the 44,000 entrepreneurs in bankruptcy court from those soaring to the top of earnings lists? Is it really all about profits and losses, or is it something deeper . . . something that stretches all the way back to childhood? Believe it or not, what you learned about money as a child can affect how you deal with your business's finances today.

We asked three entrepreneurs to discuss their financial "inheritance" and how it affects their day-to-day business dealings. Then we enlisted Karen McCall, founder of the Financial Recovery Counseling Institute and author of It's Your Money: Achieving Financial Well-Being, A Guide and Journal (Chronicle Books), to weigh in with her thoughts on the past and the present.

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This article was originally published in the August 2000 print edition of Entrepreneur with the headline: Raising Money.

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