Getting the Money to Start Your Own Business

Bruce R. Barringer

A concern that most prospective business owners have is whether they’ll be able to raise sufficient funds to start a business. It’s a legitimate concern. It does take money to start and grow a business. But the amount of money needed to start a specific business is not a set amount. The same business might cost one person $10,000 to start and another person $25,000—trust me, this isn’t an exaggeration. The amount needed depends on how a person thinks about money as it relates to the start-up process, how frugal a person is, and how resourceful a person is in gaining access to money and other resources.

The following are two categories of insights regarding the role of money in starting ...