It's nice if you don't have to borrow but then you better make sure you have enough operating capital or you're destined for failure. Most experts say a new business takes 3 to 5 years to make a profit. If you don't have enough money to carry your business for at least a year, you can be out of business in a short time. Depending on the business, there's a lot of things you need that you don't realize in the beginning. Starting a business as a hobby might be a better way to go. Many great business ideas have failed because there wasn't enough capital to carry the business until it was self supporting. If you can get a good working relationship with your bank can help you in the long run but you need to do a lot of research and make a reasonable business plan. Dave
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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