Small Biz Tip: Start Up Concerns: Money

Tips from November 2, 2009

The Small Business tips today discuss money concerns for start up businesses.

  1. Create a plan. Map out what you have in order to fund your business to start a savings plan. Predict your cash flow.
  2. You could consider using personal savings, remortgaging property, credit cards or personal property as an initial financial resource.
  3. An established credit history and collateral make it easier to receive a small business loan. Plan, know your finances and apply.
  4. Keep track of each penny. Balance your checkbook and be conscious of spending. Saving a few cents will add up yearly.

Daily Overview: Funding a start up business is no easy process. You're best off to plan, have a history of being responsible and don't forget.. PLAN.