No. Banks are solid. ;) "Banks" as in big institution regulated by lots of law and participating in state guaranteed fund.
But it means - to you as company owner - that you need to spend only as much
as you have in cash or bank. Or in solid promises :) Or having day job.
Or get dedicated investor who will be happy to keep burning money on your doings. For various reasons. Like da Vinci and others. But I think Mozart was in constant financial troubles, da Vinci too...
In short: have more money then you are spending. Slow down when needed.
2 comments
[ 2.9 ms ] story [ 14.5 ms ] threadBut it means - to you as company owner - that you need to spend only as much as you have in cash or bank. Or in solid promises :) Or having day job.
Or get dedicated investor who will be happy to keep burning money on your doings. For various reasons. Like da Vinci and others. But I think Mozart was in constant financial troubles, da Vinci too...
In short: have more money then you are spending. Slow down when needed.
Welcome to early 90's.