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SHARE: “How am I going to pay for this?” | 5/7/2021 Assuming you’ve assessed your readiness, and have begun putting plans on paper, you’re probably feeling pretty good about this whole business ownership “thing” right about now. Hate to burst your bubble, but it’s time to face the elephant in this room: MONEY. You need to ask yourself and the sooner, the better “How am I going to pay for this?” Here are seven possible options: Use your own money Before you consider borrowing the money to launch your business, take a hard look at your personal financial assets. Can you withdraw funds from your savings account? Cash out your stocks? Downsize your standard of living? Sell that luxury SUV? If these are not viable options, consider your credit cards. Many a small business has managed to stay afloat by charging its way through a first year or two of operation, but it’s risky. If you go this route, use only cards with favorable interest rates (look for cash-b

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