Choose a Hive :
HIVE TOPIC OPEN: May 1, 2012 - May 26, 2012

Help Us Create the Ultimate Cheat Sheet: 10 Rules for Starting a Small Business

HOME / THE HIVE: 10 Rules for Starting a Small Business / Don't Invest Your Own Capital


Don't Invest Your Own Capital

10

If you knew with 100% certainty that your oil well would strike black gold, then you'd be better off borrowing the money to start it up, knowing full well that you could pay off the loan and keep all the future profits to yourself. But since most businesses are very risky ventures, especially new ones, you should take on equity partners instead (or consider crowdfunding sites like Kickstarter). That way, if things don't pan out, you won't be on the hook for the start-up costs and you can move on to the next venture without debt hanging over you like a cloud.


VOTING CLOSED

Voting and submitting is now
closed for this hive.
  • 53
    ideas
  • 412
    votes
  • 0
    days left

articles in the hive

More

previous hive topics

More