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 - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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