What’s the biggest obstacle for most small business owners? Here’s a hint — it comes in only one color and has faces on it. Yep, you’re right. It’s money. Not just start up cash, not just revenue, but cash flow. Getting cash to get started and cash to keep going. You can’t have a successful business without it. Here are four funding traps you could run into when trying to raise that all important green for your business.
- Not raising enough capital.
- Risking everything you own.
- Borrowing from friends and family.
- Failing to keep good records.
There’s plenty of land mines in starting a business. Take a moment and read The Six Biggest Mistakes In Raising Startup Capitol.