Comments on: 7 Lessons I Learned The Hard Way About Business Financing http://newmethods.org/archives/7-lessons-learned-about-business-financing/ The Edge of Innovation Mon, 16 Jan 2012 03:40:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Greg Hartle http://newmethods.org/archives/7-lessons-learned-about-business-financing/#comment-64 Greg Hartle Sat, 30 Jul 2011 03:43:00 +0000 http://newmethods.org/blog/?p=1153#comment-64 I'm going to have to think about that one, Geordie. Normally I would think just the opposite. My focus is to maximize the owner's investment. Thanks for sharing. I’m going to have to think about that one, Geordie. Normally I would think just the opposite. My focus is to maximize the owner’s investment. Thanks for sharing.

]]> By: Greg Hartle http://newmethods.org/archives/7-lessons-learned-about-business-financing/#comment-63 Greg Hartle Sat, 30 Jul 2011 03:42:00 +0000 http://newmethods.org/blog/?p=1153#comment-63 Proper reserves. Every business goes through cycles. Sometimes you'll have more sales than other times. The key is to have reserves for the slow times. Every business will be different, but a rule of thumb is six months of expenses in liquid cash available. Thanks for asking. Proper reserves. Every business goes through cycles. Sometimes you’ll have more sales than other times. The key is to have reserves for the slow times. Every business will be different, but a rule of thumb is six months of expenses in liquid cash available. Thanks for asking.

]]> By: Liat Gat http://newmethods.org/archives/7-lessons-learned-about-business-financing/#comment-62 Liat Gat Sat, 30 Jul 2011 01:31:00 +0000 http://newmethods.org/blog/?p=1153#comment-62 If you don't need any investors to start a business, what are the things you should watch out for? What major financing decision would it be smart to watch out for if you are paying for everything on your own? If you don’t need any investors to start a business, what are the things you should watch out for? What major financing decision would it be smart to watch out for if you are paying for everything on your own?

]]> By: Geordie Wardman http://newmethods.org/archives/7-lessons-learned-about-business-financing/#comment-60 Geordie Wardman Fri, 29 Jul 2011 17:25:00 +0000 http://newmethods.org/blog/?p=1153#comment-60 I'd add one more. Any money that you invest in your business, make sure you write off completely any chance of it coming back to you. In other words, if you invest, $10,000 or $1M plan on that money not coming back to you. It's made my life a lot easier thinking that if I get any return on my money, that'll be a bonus. Geordie I’d add one more. Any money that you invest in your business, make sure you write off completely any chance of it coming back to you. In other words, if you invest, $10,000 or $1M plan on that money not coming back to you. It’s made my life a lot easier thinking that if I get any return on my money, that’ll be a bonus.

Geordie

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