
I attended a startup event the other day. It was a fireside chat with an accomplished business founder who now owns over 350 locations, worldwide. As this founder was going over his entrepreneur journey, he mentioned how he funded his startup using credit cards and how he applied for 15 of them.
This is not the first time I’ve heard of an entrepreneur funding his/her company using credit cards, but as he was telling the story, it struck me. What about the rest of us? What about those of us who are planners and starting companies while trying to not use credit cards to fund the company? Do we not fit into this risky entrepreneurship world because we are risk averse? Are we looked upon as playing it too safe?
Don’t get me wrong, I’m not saying don’t take risks, but planners don’t take them, if they can help it, unless they are calculated, and they have backup plans A, B, and C—just in case.
Here are four ways to fund your startup company without maxing out your credit cards:
