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Most small business begin with owner their own savings. Even banks would be unprepared to lend to someone who is unwilling to risl some of their own money. If the woner does not have enough savigns, they could:

Remortgage their house
Sell some personal possessions
Borrow from family and friends

Using personal savings gives the owner 100% control and 100% fo the profits. The downside is that, if the business fails, the owner could loose everything, both business and personal assests

2007-10-07 23:52:33 · 4 answers · asked by Anonymous in Business & Finance Personal Finance

risk*
owner*
Savings*

2007-10-07 23:54:46 · update #1

4 answers

"Starting a Business means risking your whole financial wellbeing"

2007-10-08 00:00:25 · answer #1 · answered by Steve B 7 · 1 0

you have 3 paragraphs there so which one is it?

risk + (bad)luck + skill = profit/bankruptcy

2007-10-07 23:58:06 · answer #2 · answered by Anonymous · 0 0

They're on the street.

2007-10-07 23:58:35 · answer #3 · answered by JonBonJovi 4 · 0 0

ほとんどの小企業は所有者から自身の節約を始める。銀行は一部risl に不本意自身のお金のの誰かに貸すために不意である。woner に十分なsavigns がなければ、できた: Remortgage 家販売法家族及び友人からの個人的な所有物の借用 個人的な節約を使用して所有者に100% 制御及び100% 年のfo を利益与える。ビジネスが失敗すれば下げ気味の、所有者はビジネス及び個人的なassests 両方すべてを緩めることができることである

2007-10-08 00:07:18 · answer #4 · answered by Anonymous · 1 0

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