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Don’t limit options in quest for capital
Coming up with money for a small business can be a difficult proposition, one that’s dependent on a company’s stage of life and its financial condition.
As entrepreneurs quickly learn, money for a startup can be very hard to come by. The problem is that the majority of lenders, whether they’re banks or venture capitalists, won’t commit funds to a business without a track record or an owner who hasn’t already had success in a previous enterprise.
"Whoever is giving the money is doing the classic risk-reward analysis," said Ed-Paulson, author of "The Complete Idiot’s Guide to Starting Your Own Business" and a small business owner. "The riskier your company appears, the less likely you are to get the money, and, if you get the money, it will be more expensive to you because they’ll be taking more risk."
Full Story: http://www.heraldnet.com/stories/05/04/15/100bus_capital001.cfm
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