This might sound drastic, but when you consider

This might sound drastic, but when you consider that you’re also costing in your personal salary into your startup capital, it isn’t.? Entrepreneurialism without finance is worthless, but by using the resources open to you, you can really make a difference.? That means savings, personal credit cards and personal loans where possible to contribute towards your grand total.? A prospective business owner that has already exhausted all possible means of raising money will seem more committed and will be in a better position to ask for further funding from the bank.Asking family and friends is often touted as being a possible way of raising startup capital, but it’s probably not wise to go down this road.? Family members are all too quick to draw on the negative sides of doing business, and will be overly cautious when it comes to lending you money.? That doesn’t matter if you make a success of things, but most small business ventures fail, and all the entrepreneurialism in the world won’t rebuild damaged family relationships.? If you can raise the money elsewhere, do so.? Don’t bring in family members where it isn’t necessary to do so, and explore all other avenues of raising business capital before heading down this road.Raising business finance is often seen as a difficult task, but with careful financial management this needn’t be the case.? By all means approach your local bank for help, but don’t treat this as the first source of raising money for your venture where you have access to personal funds and savings.