To Borrow or Not to BorrowFor many new business owners, that is the question.
Opinions expressed by Entrepreneur contributors are their own.
(YoungBiz.com) - Cash, moolah, dough,greenbacks--everyone needs it, especially a first-timeentrepreneur. You could have a great idea, a thorough business planand customers just waiting for you to open your doors, but if youdon't have the funds, you can't get your business off theground.
So what's a 'trep to do? Unless you want to raise themoney yourself through part-time jobs, yard sales and the like,there are basically two ways to finance a new business: debtfinancing, usually through a loan or credit card, and equityfinancing, in which investors buy "stock" in yourcompany. Both have pros and cons, as 'treps Angeil Brown andDan Villa recently found out.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to狗万官方magazine
- Four free e-books a year
- Subscriber-only events with our experts