businessloans

When it comes to funding small businesses or start-ups, many entrepreneurs turn to their retirement accounts for the capital they need. Retirement accounts such as 401(k)s and IRAs offer the opportunity to access funds without having to take out a loan or issue stock. While this is an attractive option, there are some potential downsides to accessing retirement funds to finance a business.

One of the most popular options for many entrepreneurs is to turn to family and friends for financial help. While this can be an effective way to get quick money, it also comes with several potential downsides that should be considered before you make your ask.

While there are many potential benefits to entering into a strategic partnership or joint venture, there are also some downsides that should be considered.