Financial resources are the running blood of the organization.
1)Are you willing to give up some amount of ownership of your company?
2)Are you willing to have debt that you must repay?
3)Are you willing to risk property or other assets?
4)How much control of the direction and operation of yout company are you willing to relinquish?
5)What other help do you want from a founder beside money?
6)How fast do you want to grow your business?
PROFESSO’S GUIDANCE FOR THIS WEEK:
When you first start to look for financing, you may take any money you can find, but you should exercise care. The various sources of money require different types of return on their investments, have varying level of sofistication and comfort with risk, and provide you with significantly different auxiliary benefits and disadvantages.
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