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Funding your business with credit (Part 1)

Filed in archive Bootstrapper Profile on May 27, 2007

Funding your business with credit (Part 1)
CONTINUED FROM PREVIOUS POST

Nothing so unusual there. Many entrepreneurs have used credit in part or completely to start a fledgling enterprise.

In fact, as I believe I have mentioned before on this blog, I have a friend who launched her own lifestyle magazine entirely on plastic. It now makes more than some people's annual salaries.

Of course, some entrepreneurs are dead-set against the idea of funding through plastic. Blogger and programmer Pelle Braendgaard, for example, admits:

It sounds like a cool idea and all and it could probably be used as a gamble if you are betting on receiving a large amount of cash flow straight away.


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Tags: small  business  stratup  credit  cards  part  credit+part  bank+accounts 

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