Unique Ways to Fund Your Business
You’ve made the exciting decision to start your business in the Dallas area. You’ve narrowed down your choices, spoken with a business consultant, and are prepared to take the leap from Corporate America into self-employment.
But now the $64,000 question: How do you fund your business?
Do you have enough in your savings to cover startup costs? How about taking out a loan or 2nd mortgage? Maybe you have a rich relative you can borrow from?
There actually might be an easier solution. Many that are leaving the corporate world for business ownership are funding their new business with their 401k or IRA. This approach has some pro’s and cons, and many financial advisers say don’t.
However, there are entrepreneurs that have used this method to fund their dream business, and have no regrets!
There was a recent article in USA Today that covers this subject, and should be a must-read if you’re looking for funding options.
If you have questions about starting a business, we’d be happy to answer them for you. CONTACT US!