How to Finance Your Business - （如何为您的业务-）.pdf

How to Finance Your Business You Can Do It OPENING YOUR OWN STORE may be a dream come true. for this dream may be an entirely different story. How you structure the finances for your business will have long term effects on your entire life. If it were as easy to get started as digging through your couch to find the change you lost, everyone would be opening stores! It isn’t! Unless you are wealthy enough to finance your new store with no financial strain, raising the money you’ll need may prove to be one of the toughest challenges you’ll ever face. So, a word of warning: whatever you do, make sure you leave Paying for this dream may be an entirely different story. yourself a few thousand dollars in the bank to pay your living expenses as you grow a business and cover emergencies. Do not put every penny you own into this business. You need to get a good nights sleep every night because each morning you need to awake refreshed and ready to conquer the world of retailing. Self Funding Lets assume that, by working overtime, perhaps at a couple of jobs, you’ve been able to stash away a few bucks. If these are funds you’ve set aside for your retirement or your kids’ education, don’t touch the money to fund the business. Pulling these funds out may incur hefty penalties, and if you borrow against them, you may have to start paying them back before your business can afford it. If you have funds from money market accounts, stocks, bonds and other investments that are not set aside for a specific purpose, they may be enough to get you going. But again, think carefully so you can be sure you keep enough to live on while you are building the business— even if it grows more slowly than you hoped. Remember this: It’s always tough to raise money, but when you are desperate for it, it’s almost impossible. Insurance policies may give you the opportunity to cash them out, or if there is cash value accumulated with the policies, you may be able to bo