Starting a business: Finance it with SALES!

Here’s a short-but-good post from Fred Wilson on how to get financing for your new business.

Many new entrepreneurs think they should start out at a certain point – say, with a DESK (ha, a luxury!). Salary is also a luxury :p

If you start your business from nothing, you shouldn’t be looking for, say, $50,000 in start-up capital for things like a really nice desk, a lease on an office, and other things which are revenue-producing.

Fred says many entrepreneurs get their initial money from friends and family.

Why not get your initial capital from selling something to a customer?

After all, you are going to have to do that eventually… might as well start now :)

 

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