Guidant Financial Group Blog

The popular website, NuWireInvestor.com, has reprinted a great article by Elizabeth Blackwell of The Street, an investment analysis and forecasting site. The article, “What You Should Consider Before Launching a New Business,” is worth a read . . . as are most of the other articles and blogs on NuWire.

Featured in Blackwell’s article is some expert advice from a Florida State University professor of entrepreneurship. "Every new business is risky," he’s quoted as saying. "Why add to the risk by adding debt?” He suggests that entrepreneurs would be wise to avoid borrowing and, instead, should tap their friends, family and business partners for the capital.

Of course, that’s all fine and dandy, if you happen to know some really generous people!

But one source of no-debt financing is missing from the article: using your own capital from your own IRA or 401(k) funds to launch a business. While this financing option continues to grow in popularity, it’s still unfamiliar territory to some folks who could really benefit from it.

If you’re reading this blog, then you may already be familiar with alternative financing for small businesses. So share the good news! Refer someone who’s dreaming of opening a business to our website. Better yet, encourage them to register for one of our e-training and short online seminars. Imagine how good you’ll feel if you play a part in helping someone’s dream come true!