You will often hear this adage: Don’t use your own money, use other peoples. Is this good or bad advice? We have been trained by the media and TV shows, like Dragons Den, to think that venture capital is the way to go. However, even on Dragons Den, the Dragons will often offer to loan the people the money rather than invest in the company. Ever stopped to think why they do this? The answer is it depends, but on what? Let’s look at 5 things you should consider when borrowing

Recently, I was talking to a business person and the topic came up about the cost of marketing. The comment that came back was the options presented were too expensive. This made me think of many aphorisms about spending money. “Take care of the pennies and the dollars will follow” in some instances that works. One of my previous clients is an example of this, he only used collection techniques on customers who owed several thousand dollars. The client was wondering why he wa