Finding The Funding

Some places to look

Are you still working full time? Can you start your businesspart time and still collect your salary? Or can you land apart-time position while you launch your business?

Have you tried tapping family and friends? If you do, be sure toput everything in writing and treat it as a businessarrangement.

If you own a home, you might consider a home equity loan. Inthese cases, banks either provide a lump sum or a standing line ofcredit.

Some entrepreneurs find credit cards are a good way to getinstant cash for equipment or inventory. But be sure to use thesewisely, because the interest can mount up quickly.

Excerpted from Get Smart: 365 Tips To Boost Your EntrepreneurialIQ

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