Funding your business with credit (Part 2)

Filed in archive Bootstrapper Profile on May 27, 2007

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However, Braendgaard cautions:

Having an extra $1000 more burn rate monthly as you might get if you hit the cards, makes it so much more difficult to hit break even. This means you start worrying about money and not on building your business.

Still, some entrepreneurs have used the technique of funding startups through credit successfully. And big business publications like Inc.com continue to insist this source of funding is perfectly legitimate with the proper safeguards.

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