custom-built Stitches Custom Stitches 1. Â Â Â Â Â Â Â Â Where would you suggest Andy look for the financing he needs for Custom Stitches? 2. Â Â Â Â Â Â Â Â Explain the advantages and the disadvantages of using each artificial lake of funding you listed in question 1. 3. Â Â Â Â Â Â Â Â Which sources of financing do you regard would be around promising for Andys capital needs? finding the capital you need to pay your craft digest be a confusing and mingled process. Understanding your options helps you move in the redress direction and get the funds you need. Here are some options for funding your small business: Credit Cards whiz form of personal debt you should avoid is money advances on your realization card. Its rattling tempting and rattling easy to get gold this way. If you do this you should pray. Pray with vigor. Then ask for forgiveness. This option is very expensive and extremely risky. Credit ca rds should only be engrossd for short-term expenses, and not as a instrument to solely fund a start-up business. Friends and Family borrowing from your friends and family, especially the rich ones, is a good way for new businesses to get money. Its not ancient for relatives to make low relate or no absorb loans to family members. Just make sure all parties are commonsensical of any risks.
You dont want to alienate your family if the business falls on hard times and you have trouble repaying the loan. Personal savings you can use your personal savings or assets that can be reborn to cash. If your savings are al ready low, posture off that vacation, take! on your old car a bit longer, avoid bouffant purchases -- be thrifty in all areas and you can pay off faster for your business. commemorate in mind that most lenders wont finance 100 pct of your business, so youll need... If you want to get a full essay, exhibition it on our website:
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