Augusta
VIP Contributor
A business will always need to start or expand it. it is always good to take precautions when trying to fund your business to avoid regretting at the end of the day.
So what are the mistakes to avoid as you fund your business
Avoid pumping in too much money too quickly: This is mostly for a new business. Don't put in all your estimated capital at once. You don't know the pitholes awaiting you. So apply caution and be sure of safety before pumping in more money into the business
Avoid funding your business with funds that the interest on it, is very high. You might not get much from this funding style.
Don't fund your business with money that the repayment period is almost immediate. You might just collapse the business before you get started.
Avoid funding a business with a huge amount that you wouldn't be present to oversee for a period of time.
What do you think?
So what are the mistakes to avoid as you fund your business
Avoid pumping in too much money too quickly: This is mostly for a new business. Don't put in all your estimated capital at once. You don't know the pitholes awaiting you. So apply caution and be sure of safety before pumping in more money into the business
Avoid funding your business with funds that the interest on it, is very high. You might not get much from this funding style.
Don't fund your business with money that the repayment period is almost immediate. You might just collapse the business before you get started.
Avoid funding a business with a huge amount that you wouldn't be present to oversee for a period of time.
What do you think?