Finance Your Startup

Did you finance your startup using money from your personal savings? How about your personal credit cards? Or did you end up borrowing some money from friends or family members?

No matter what way you chose to get the cash needed to launch your business you’re not the only one. Many of the most successful businesses you see today got started the very same way.

Did you know that billionaire Richard Branson, founder of Virgin Records, borrowed money from his mom to start his mail order record company?

Or did you know that filmmaker Spike Lee had to use his personal credit and savings to produce his first movie?

While using personal funds is quite common among startups it should never be the long term strategy for supporting the growth of your business.
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