4 Questions to ask before deciding to get Business Funding
Often an entrepreneur can spur initial business growth with sheer energy and force of will. At a certain point, however, you need capital to grow and stabilize. Determining your capital needs is a good exercise in goal setting, discipline and forecasting. Knowing your capital needs also forces you to clarify your goals and helps you avoid making rash decisions on the fly. To prevent this, ask yourself, these 4 questions. Answering these and similar questions will help you become more efficient and effective as you hone in on specific growth targets – and help make sure you never take out more financing than you really need.