When to finance your own business
Posted by staff / July 16, 2011
If you’ve started a business and faced hard times, then you’ve probably had to decide whether you should use your own savings to bail yourself out. Desperate times, right? But don’t act hastily! All Business weighs the pros and cons. For example, one good way to determine is to:
Get an impartial evaluation. Ask an accountant whether the business can be saved. If you’re going to put in a bunch of personal cash and then lose the business, it might be best to close down sooner rather than later.
Full story at All Business.
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