Tag Archives: Finance & Debt

Savvy Debt: Using Other People’s Money to Grow Your Business

Posted on 02. Sep, 2008 by Elizabeth Potts Weinstein.

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Guest post by Melanie Benson Strick, Million Dollar Lifestyle Business Coach.  
How much debt do you have? That’s right, I’m just going to come straight out and ask. Is it $10,000? $20,000? $50,000? More?
And how did you get that debt? Investing in your business? Or was it buying TVs and traveling to Fiji? Chances are [...]

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Dangers of Financing with Debt

Posted on 20. Mar, 2008 by Elizabeth Potts Weinstein.

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Debt financing, one of the 3 primary methods of financing a business (the other two are self-financing and equity financing), is obtaining money that must be paid back to the lender, usually with interest.  Similar to self-financing, debt financing may include both using your personal credit as well as the credit and security of the [...]

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Danger of Credit Card Financing

Posted on 15. Feb, 2008 by Elizabeth Potts Weinstein.

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Why Using Your Personal Credit Card is Dangerous for Your Business
Many of us (include yours truly) have used personal credit cards to finance the start up or growth of our business.  It’s easy, fast, and available.  The interest rates may be lower than business credit cards.  And, you may have exhausted your business loans or [...]

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Self-Financing and Bootstrapping to start or grow a business

Posted on 06. Aug, 2007 by Elizabeth Potts Weinstein.

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"It takes money to make money" is somewhat true.  Whether you are just starting a new business, growing your business, or adding new products or divisions, you need financing to provide the money (or capital) it takes to realize your vision.  But what type of financing is right for you (and which can you actually [...]

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