Part One
TOOLBOX
FINANCING YOUR BUSINESS
The financing of most entrepreneurial companies begins with the owner’s checkbook and credit cards. “One definition of a small business is that if you have never put a payroll on your Visa, you’re not a small business,” says Ed Zimmer, CEO of ECCO, a Boise, Idaho, manufacturer of lighting, alarm, and other safety-related products. Some entrepreneurial companies continue to work on that basis. But most soon establish a business checking account, keep regular books (using QuickBooks or other accounting software), and hire a bookkeeper. At some point along the way, many entrepreneurial companies look for additional funds to finance their operations and growth. There are three generic sources of financing: ...
Get Financial Intelligence for Entrepreneurs: What You Really Need to Know About the Numbers now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
