Take On Some of the Risk

You're not ready to start a business until you're prepared to invest your own money into it.

Self-financing in the form of personal and family savings is theNo. 1 form of financing used by most small-business owners.It's low-cost and has other advantages. For instance, when youapproach other financing sources, such as bankers and venturecapitalists, they will want to know exactly how much of your ownmoney you are putting into the venture. After all, if you don'thave enough faith in your business to risk your own money, whyshould anyone else risk theirs?

Excerpted from Grow Your Business

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

An NFL Rookie Scores a $514,000 Jackpot in Las Vegas

Los Angeles Rams running back Ronnie Rivers sat down to play 3-card poker and left a half million dollars richer.

Business News

Police: 82-Year-Old Woman Found Alive at New York Funeral Home After Being Pronounced Dead

The woman was found breathing almost three hours after she was pronounced dead.


3 Expert-Backed Strategies for Blowing People Away With Your First Impression

Nothing is more important than a good first impression. The first five seconds are everything.

Business Ideas

How to Make Thousands of Dollars on the Side As a Virtual Assistant

Apply your skills and experience to create a lucrative virtual assistant side hustle or full-time business.