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2. Borrowing money. Many entrepreneurs treat their startup as if it were their own child. They would do whatever it takes for that child—even if they had to beg, borrow, or steal, so to speak. While the latter may be extreme, borrowing funds is a great way to finance your business idea, and it comes with fewer restrictions or terms and ;· The answer to the question “How much should I borrow for a business loan?” depends on a variety of factors: Business needs. Borrow an amount you need based on data, not on the amount you want based on wishful thinking. In some cases, a lender may be willing to loan more money than you need. But it’s important only to take on a loan Should You Borrow Money to Start a Business? In my accounting career, it was apparent that the most successful and most enduring small businesses were the ones who had no debt. They started small, and grew by self-financing out of their cash flow. While it may seem to defy logic th
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