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Selling an asset to afford the needed capital is a desperation act
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[QUOTE="Shaf, post: 269330, member: 25467"] If you have adequate knowledge and experience to make a business successful, you can sell your assets to raise capital if you become desperate. People usually do this after some type of loss that almost collapses the entire business. It's not advisable to do this if you are starting a completely new business, since you have no idea how to run it and remain profitable in hard times. My mentor totally is against this method though. He says it is preferable to get a loan and solve your needs. That's because any item you want to sell would be considered secondhand and have lees value than it's worth. Anytime you want to get that same item again, you would have to pay more to get it back. There are other ways of getting capital, like taking loans or working extra jobs or hours. You can also use that asset as a collateral, killing two birds with one stone. [/QUOTE]
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Selling an asset to afford the needed capital is a desperation act
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