investment ?
Posted by admin on Dec 20th, 2008
slo asked:
My friend owns small business and wants to start another small business, but does not have enough capital. Can she just write a check from her 1. business and make it like investment to 2. business? or are there any rules to make investment?
thanks
My friend owns small business and wants to start another small business, but does not have enough capital. Can she just write a check from her 1. business and make it like investment to 2. business? or are there any rules to make investment?
thanks
If she has an account with money in it, she can just write checks.
Even if its 500 businesses.
More often people first figure out or guess that the second business will have some profit. If the first business is profitable, then you bring the business plan to a bank and borrow the money. Go slow but if and when you can count on 20 or 30% profit, start numbers 3 through 5 the next year. Then you salt away some of the profits and retire when or if you want to.