Unfortunately, startup debt can arise from numerous sources, each potentially lethal. Many forms of debt are obvious, others are not, and it’s those that are not which place the entrepreneur in the most risk of impacting their funding potential.
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How To Avoid Accumulating Startup Debt
The cliché is true – it takes money to make money. However, that does not mean you must free fall into a mountain of debt. Carefully planning, implementing, and managing a financial budget will help determine where you need to spend and where you can save your capital. For more information on how to gain and manage funding, check out these infographics:
Considering starting your own business? It all begins with these 5 steps.
Infographic edited by Rebecca Cox