Ways of funding your small business

Ways of funding your small business

Getting a small business off the ground is challenging, especially without much finance. There are various ways to fund a small business.

Here are a few ways you can access to the capital you need:

Self-funding: Most privately-owned businesses tend to start with funds raised internally. Many small business owners take a risk by financing their businesses using their own bank accounts. This gives the advantage of having direct access to money. A disadvantage may be that personal finances are tied up with business funds. A simple way of avoiding confusion is to open a separate business account. It’s important to keep business records as a separate entity.
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