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Avoid Startup Funding Blunders for a Clear Cash Flow Path

What’s the biggest obstacle for most small business owners? Here’s a hint — it comes in only one color and has faces on it. Yep, you’re right. It’s money.

Not just start up cash, not just revenue, but cash flow. Getting cash to get started and cash to keep going. You can’t have a successful business without it. Here are four funding traps you could run into when trying to raise that all important green for your business.

  1. Not raising enough capital.
  2. Risking everything you own.
  3. Borrowing from friends and family.
  4. Failing to keep good records.

There are plenty of land mines in starting a business. If you have had cash flow problems in your personal life, it could be an obstacle for you too. Your personal credit worthiness makes a difference when it comes to securing funding for your business.

Learn more about the pitfalls by reading The Six Biggest Mistakes In Raising Startup Capitol.

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About Denise O'Berry

A Message From Small Business Expert Denise O'Berry -- It's no coincidence that my initials are DO. I've been helping small business DO things to be successful since 1996. You can be successful too. The best way to have a sustainable business is to take action. Start now by implementing this small business tip in your business. Connect with me on Google+, Twitter, Facebook and YouTube

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  1. Dealing with Customer Deductions - Small Business Expert Denise O'Berry says:
    May 20, 2011 at 7:13 am

    [...] can impair your cash flow and take up valuable time, so you want to always address them right away. The more time you let go [...]

    Reply

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