Subscribe to Entrepreneur for $5
Subscribe

Is there a rule of thumb for how much debt is acceptable for a startup consulting business?

By
Opinions expressed by Entrepreneur contributors are their own.
No, there's no rule of thumb that I'm aware of.

However, since most consulting firms require very little capital to launch (a computer, a phone and perhaps a small office if you don't want to work from home) and no employees except for the founder and a few freelancers, there's probably no reason to borrow money, anyway.
Rosalind Resnick

Written By

Rosalind Resnick is a New York-based freelance writer, entrepreneur, investor and author of The Vest Pocket Consultant's Secrets of Small Business Success.