From: Richard Faulkner 
Newsgroups: uk.finance
Subject: Re: Personal Bank Loan to fund business
Date: Fri, 4 Nov 2005 09:45:48 +0000

In message <3su6jfFpgheeU1@individual.net>, "-=D@n=-"  
writes
>Richard Faulkner wrote:
>> In message <3ss8mmFpta1mU1@individual.net>, "-=D@n=-"
>>  writes
>>> Richard Faulkner wrote:
>>>> In message <3ss2prFpd3n0U1@individual.net>, "-=D@n=-"
>>>>  writes
>>>>> I never thought of that, good call. Basically, I'd want two months
>>>>> money similar to what I earn after tax now plus a bit to cover
>>>>> fuel/insurance/tax (none of which I pay for now). Plus about £1,000
>>>>> to buy a car.
>>>>
>>>> Having underestimated expenditure, and overestimated income, over
>>>> many years of self employment, (and I'm still guilty of it ),
>>>> are you sure that 2 months money will be enough. I.e. are you sure
>>>> that your income will be as high as you are forecasting, and are
>>>> you sure that it will commence within 2 months??
>>>
>>> Hmm, I'm just reluctant to borrow *too* much. I figure that if I'm
>>> not spending most of my life working in this job as I am now, I can
>>> spend decent time trying to promote my business and generate work
>>> for myself.
>>
>> I know what you mean, but you absolutely must have the cashflow to
>> survive, otherwise you close down with no job, no income, and a big
>> loan.
>
>Yes, that's a little bit worrying! Ideally, I would be doing work for myself
>at the same time as employed, and try and generate the money that way. But,
>I have so little time that it'd take me about two years!

Better that than going bust in a couple of months.

-- 
Richard Faulkner