Colony Wiki: Business Startup Tips - How To Self Finance Your Startup Business

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How To Self Finance Your Startup Business

Business Startup Secrets > Business Startup Tips - Funding

Consider self-financing your startup business. The first place to look for financing is in your own pocket.

"One way to really get some momentum is self-financing," Andrew Zacharakis says. "I've seen entrepreneurs do this through obvious ways, such as personal savings and a mortgage on the house, and ways that are less obvious, such as rolling credit card offers over so you always have a low interest rate."

Many entrepreneurs start with a $10,000 credit card featuring a low initial interest rate. Then, Zacharakis explains, "they use that until the low interest rate expires and start with another one."

On to Business Startup Tips - Try to get Stakeholder Financing for Your New Business...

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