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Getting Your Ducks in a Row
By businessbroad | March 17, 2007
From time to time I get questions about personal finances, and how you can best prepare for the initial financial burden of your own small business. The e-mails I get range from people who think that their personal finances are completely unrelated to their small business finances (umm, tell me you’re kidding), to those who intend to co-mingle…well, pretty much everything.
So, while we’ve talked about it a bit in the past, I just want to take this opportunity to say this: The better your personal finances, the easier it’s going to be to get your business going (and keep it going).
If you’re the entrepreneurial sort, I’m guessing that you may have had some issues in the past. A lot of things drive people to strike out on their own, and failure to “feel right” in the normal workforce is one of the most common. You may not have been rising through the ranks at the same rates as your peers, or you may have been getting passed over for raises. That’s okay, I get it. I’m sure there are a lot of people here who get it. Or, you might just be sick of working in ways that leave you underpaid for your efforts. That’s pretty normal, too.
That’s all the more reason to get things sorted out before you start into a new endeavor. If you’re in need of debt relief, there’s no better time to do some research than BEFORE you get heavily invested in a business.
Browse around online. There are plenty of resources on managing debt and budgeting - and using the web as a learning tool can leave you feeling a little less intimidated if you decide to seek out help in getting things under control.
I don’t mean to sound preachy, but when I saw this post opportunity (sponsored by CareOneCredit.com), I knew it was something I should bring up. If it’s something you’re dealing with now, feel free to share in the comments. I promise, no one here bites!
Topics: Budget Tips |
July 25th, 2007 at 4:43 am
Hehe! Good work!
July 25th, 2007 at 4:21 pm
Very pretty design! Keep working. Go on!
March 16th, 2009 at 2:25 pm
Have you ever considered debt settlement? It is a viable alternative that has helped tons save thousands on credit card debt. With interest rate spiraling out of control debt settlement will negotiate your debt with the credit card companies for a fraction of what you owe.