Feb 19, 2014

4 questions you should ask yourself before seeking funding for your business

seeking funds for business


How the loan will help your business?
First question you should have an answer for is why you need the money? and what you would do with it?

Are your business books up to date?
Check your accounts are managed properly if not set them right before seeking funds.

Do you understand your P/L profit and loss and balance sheets?
As an entrepreneur spend some time to understand your balance sheets before seking a loan for your business.

Are there any cheaper alternatives to a loan?
If you need money to purchase an equipment think of  options to lease it . If you require money to build a space think of leasing space than building it.



tags: seeking funds for business, alternatives for loans, 4 questions you should ask yourself before seeking funding for your business




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