Personal Funds

Personal Funds

1. your assets

2. retained profits

3. sales of assets

4. Personal funds means payments the individual receives, whether earned or unearned, including wages, pensions, Social Security benefits, and retirement benefits.

5. this refers to any funds that you borrow, receive or have as an individual in your own name and not under the business

6. it is never a good idea to get rid of something you already have to replace it unless you are sure it means something very productive.

7. an example of assets is when you inherit something and sell it to have your money to run your business.

8. Another option is to consider personal debt, which means using the family home as equity against a loan, remortgaging the property to provide start-up funds, or simply buying equipment, renting premises, purchasing stock, etc. using a personal credit card

9. loans

10. financial capacity

11. not to mix personal money with company money

12. when you have money you can work with the bank