Community Blog: Raising Money from Friends and Family - Think Again
Posted on Saturday, April 09, 2005 @ 12:08 PM EDT
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amichalek writes "Jeff Cornwell of Belmont University blogs about the pitfalls of raising money from friends and family. He says, "Keep business as business, friendships as friendships, and family as family if at all possible." That's sound advice.
I've been fortunate enough to be able to fund my current business through bootstrapping. I consult for a period of time, use some of the profit from that to build my core business to the next level, then go back to consulting when I need/want to.
I'd be interested in hearing how other Unit of 1's have gotten their startup funding. Please take our poll, and chime in with some comments!
Small business expert Andrea Michalek is the managing director of Unit of 1.
Andrea built this service to support micro-business owners. The Unit of 1 website is equal parts business networking, community blog, and
member-contributed, expert articles.
Andrea is a Philadelphia-based technology management consultant.
She specializes in building products and services that make complex technology problems as simple as they should be.
Examples include, PDF converter Fast PDF
and News / RSS engine Topular.
Andrea Michalek
1062 Kingscote Drive - Harleysville, PA 19438
Phone: (215) 280-1805
email: andrea at unitof1 dot com
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Finance and Capital
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