Q&A
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If you are not able to get a standard loan from a bank for your business, how do you finance your business?
EXPERT: Alan Hughes
There are quite a few ways to get the capital you need, each with its own set of drawbacks. While I would advise against it, you can tap into your 401(k) or use a credit card.
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When you’re starting your business, is it better to start it from home or a storefront?
EXPERT: Alan Hughes
It’s hard to answer this without first knowing what type of business you have. If you sell food or other perishable items to consumers, you’ll probably want a storefront.
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What’s the best way to manage Friends & Family loans? I find that doing business with Family and Friends can be messy at times.
EXPERT: Alan Hughes
I agree that going the friends and family route can get very messy, and I recently helped a friend raise about $50,000 for his company doing exactly this.
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Is it OK to use my company name/logo in commerce before trademarking? Or would it be better to get official trademark before using it?
EXPERT: Alan Hughes
You should without a doubt, file for trademark protection before “going public” with your logo.
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When you are the only employee of your business, how do you know when it is time to hire additional staff?
EXPERT: Alan Hughes
It’s easy if you think about the role of the CEO. As the head person, your job is to be the visionary, drive revenues and grow the business.
COURSES
Week 8
- Finding balance | Air date: June 18, 2012
- The part-time entrepreneur | Air date: June 19, 2012
- Getting organized | Air date: June 20, 2012
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