Funding your business with credit (Part 1)

Filed in archive Bootstrapper Profile on May 27, 2007

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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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