Starting a carpet cleaning business is both exhilarating and nerve-wracking at the same time. While the thought of being your own boss has an almost magical appeal, it also means you are fully responsible for the outcome. Most new businesses rely on some form of borrowed capital to get started. How and where you secure this start-up financing can have a big impact on your new business. Let’s take a look at some of your best options.
Family and friends is often mentioned as a good source for start-up financing. If you’re lucky enough to have a rich uncle then this works really well. In reality, however, this method is fraught with danger. Families are hard enough to manage without the added stress of borrowed money. A parent(s) who wants to help can be a good resource but I’d stay away from siblings, in-laws, or any friend you’d like to keep. [more]
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