What are the best ways for a small business to obtain start-up capital?
At first review, most would-be business owners think a bank loan is their only option — and they’re discouraged, because they’ve heard horror stories about the frustrating bureaucracy of banks. Fortunately, bank loans are not the only option — or many small businesses would still be only ideas, instead of the thriving enterprises they are today. Here are a few ways to finance your new business: Moonlighting is a great way to ease into a solo business. It gives you a chance to “try on” the business and to discover if the activity is as fun when it’s a “real” business instead of a secondary activity. Part-time. If you’re confident that your new business can generate at least half your income, consider cutting back your full-time job to part-time, and dedicate the remainder to focusing on your new business. Piggyback. Some solo businesses are launched with the support of an employed spouse or partner. With one full-time salary to cover basic needs, the would-be entrepreneur can focus on
