ATW-Using Your Own Savings to Grow Your Business
Channel: whiteboardbusiness
Date: 2012-08-27

In this edition of At the Whiteboard, I continue the series of exploring different funding options. I cover the pros and cons of using your own savings to launch and grow your business. Using your savings is great for keeping control of your business and lowering the risk of startup. However, you may have to accept a slower growth rate. You must also carefully budget your personal expenses to balance paying your bills and investing in your business.