Comments on: Securing Start-Up Capital in Today’s Financial Environment http://bestbizpractices.org/2009/11/15/securing-start-up-capital-in-today%e2%80%99s-financial-environment/ Because America runs on small business! Sat, 31 Jul 2010 14:04:49 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Robert Rogers, Esq. http://bestbizpractices.org/2009/11/15/securing-start-up-capital-in-today%e2%80%99s-financial-environment/comment-page-1/#comment-1194 Robert Rogers, Esq. Fri, 12 Mar 2010 15:26:29 +0000 http://bestbizpractices.org/?p=1123#comment-1194 There are also many community based lenders that offer micro-loans that can help bridge the gap for bootstrappers. Here in Miami, I know that organizations such as Partner for Self Employment, Accion USA, and NANAS have capital that they are lending in the form of micro-loans. There are also many community based lenders that offer micro-loans that can help bridge the gap for bootstrappers. Here in Miami, I know that organizations such as Partner for Self Employment, Accion USA, and NANAS have capital that they are lending in the form of micro-loans.

]]> By: Mike Clough http://bestbizpractices.org/2009/11/15/securing-start-up-capital-in-today%e2%80%99s-financial-environment/comment-page-1/#comment-923 Mike Clough Fri, 11 Dec 2009 17:32:55 +0000 http://bestbizpractices.org/?p=1123#comment-923 Taking a job and working for someone else subjects you to very little risk. Of course, the rewards are also less stellar. Any time you go into business, your risks increase substantially. The opportunity for rewards do as well. My advice is to build a very thorough business plan that details both the potential risks and rewards. I blogged about this at http://bestbizpractices.org/2009/05/20/is-a-written-business-plan-really-necessary/. Once you have completed your plan, show it to friends and family. If you can not secure any enthusiasm from them, my advice is to go for a job unless you can get funding elsewhere. When you risk the future of those you love, you need to be very sure the potential rewards far outweigh the odds of failure. Just one man's opinion but one I respect. :-) Taking a job and working for someone else subjects you to very little risk. Of course, the rewards are also less stellar. Any time you go into business, your risks increase substantially. The opportunity for rewards do as well.

My advice is to build a very thorough business plan that details both the potential risks and rewards. I blogged about this at http://bestbizpractices.org/2009/05/20/is-a-written-business-plan-really-necessary/.

Once you have completed your plan, show it to friends and family. If you can not secure any enthusiasm from them, my advice is to go for a job unless you can get funding elsewhere. When you risk the future of those you love, you need to be very sure the potential rewards far outweigh the odds of failure.

Just one man’s opinion but one I respect. :-)

]]> By: Rishabh Mahajan http://bestbizpractices.org/2009/11/15/securing-start-up-capital-in-today%e2%80%99s-financial-environment/comment-page-1/#comment-922 Rishabh Mahajan Fri, 11 Dec 2009 17:12:05 +0000 http://bestbizpractices.org/?p=1123#comment-922 This is a very nice topic. Gives a great insight of the benefits as well as pitfalls of borrowing money from family members. I am going to graduate from college in 5 months and i really want to get into entrepreneurship and am very much reading about all sorts of articles that can help me towards my dream. But there is this one thing that is bothering me a lot and even after much thought, I am not able to help my self out of that! Being the first child of my family, should i take a risk of jeopardizing my parent's money into my startup or should be trying and get a nice job, work for a few time and then pursue my dream! Can anyone help me making my decision? This is a very nice topic. Gives a great insight of the benefits as well as pitfalls of borrowing money from family members. I am going to graduate from college in 5 months and i really want to get into entrepreneurship and am very much reading about all sorts of articles that can help me towards my dream. But there is this one thing that is bothering me a lot and even after much thought, I am not able to help my self out of that! Being the first child of my family, should i take a risk of jeopardizing my parent’s money into my startup or should be trying and get a nice job, work for a few time and then pursue my dream! Can anyone help me making my decision?

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