Take a hard look at your own assets before borrowing startup capital.
People generally have more assets than they realize. Use as muchof your own money as possible to get started. Remember, the largeryour own investment, the easier it will be for you to acquirecapital from other sources.
Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need
The model lost an estimated $25 million in shares.
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Get free business advice during our next Ask Marc, live Q&A, on 3/28/23 at 3 p.m. EDT. You don't want to miss it—send in your questions now.
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