Financing Entrepreneurship - Start Small

The FI Planner

Your business ideas can propel you toward the financial independence you desire. Entrepreneurship isn’t always easy; you’ll have to take risks and deal with stress, but owning your own business is one of the best ways to generate wealth.

In this episode, listen for

• Start with only the essentials that are needed to produce and sell your service or product
• When you explore financing and debt options to fund a business, you have to know exactly how it will be used to generate more momentum and sales
• Beginning your entrepreneurial journey while still working a W2 job is a great way to “safely” launch your business idea

While it may be tempting to jump right in, starting small can help you build a reputation for your brand and business before accumulating debt. During the first few years in business, find creative ways to make sales, prove your business a viable one, and serve your customers well. Operating off cash flow and avoiding debt early on in your entrepreneurial journey will prevent you from feeling desperate for sales and allow you to serve customers over the long term instead of just selling the quick fix.

Bona Fide Finance:

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Student Loan Tax Experts:

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