Pursuing Other Sources of Funding
After reviewing your budget, you might be wondering where you can get a loan.
That will be difficult. Right now, you are an unproven entity. You have no track record as a business owner. Your business plan is entirely untested, as is your ability to retain clients, do good work independently, and juggle the many responsibilities of home business ownership. Plus, as a home business, part of your expenses are going toward your home, not your business. (In other words, you really cannot pay just 25% of your rent or mortgage; that is, the part that is considered a business expense.)
That doesn't mean funding sources don't exist—but you need to be aware that funding your business outside of your own savings (and perhaps ...
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