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Selling an asset to afford the needed capital is a desperation act
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[QUOTE="Alexandoy, post: 156356, member: 25510"] In our Economics subject in college, I remember our professor saying that capital is the most important element of a start up. The lack of capital is the usual reason for the opening to be postponed or cancelled. It is also a common reason for a start up to not withstand the rigors of operation. When you are well equipped with the knowledge in business and the only issue for the start up is lack of capital then the best source of money is to sell an asset. A restaurant owners who suffered a terrible loss in his business due to illness had sold his home after a few years for another start up of the same business. He was lucky to succeed again because his capital was more than enough. At least he proved that selling an asset for the capital of a start up is a winner. [/QUOTE]
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Selling an asset to afford the needed capital is a desperation act
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