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Category: Cash Flow

5 ways to source money for business

It matters how much money you pump into your business and where the money comes from. While investing your own capital in a venture of your own is great because you can treat it as a loan that you have to repay and use the money that you would normally repay towards a loan to reinvest in your business and add value to it. However, there will be times when you might need to borrow money to raise capital for your business. We explain here five sources of funds you could consider to raise capital for your business.

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Avoiding Bad Debt

Who said debt was bad in the first place? Just think of the things Australians would not be able to do without borrowing money and thus, getting into debt. They would not be able to buy a house, a car or in many cases even pay for their college and university education. Debt by itself is not bad, in fact it is a necessity, and its handling the repayments carelessly that makes the debt go bad. Avoiding bad debt is all about managing finances well and one can do this only by following a strict budget.

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