Jeff Call, Managing Partner of Bennett Thrasher and member of the Forbes Finance Council, recently shared his insight in a Forbes article titled, “Self-Funding Your Business? Follow These 15 Smart Strategies Suggested by Finance Experts.” The article shares tips business owners and entrepreneurs should take to succeed in starting a new business while funding it themselves. Call elaborated on proper budgeting and cost management techniques.
“Self-financing is a great option for small-business owners who have the financial means to do so. Any entrepreneur considering this strategy should budget for the costs necessary to get their business off the ground, including office space, technology, insurance and more. Budgeting is a great tool that can help small-business owners determine if self-funding is feasible.”