Banking – Quote of the Week

Banking – Quote of the Week

“A bank is a place that will lend you money if you can prove that you don’t need it.”

Although this is a joke that is over fifty years old by the excellent US comedian Bob Hope, it is also completely true and now more so than ever.

Small business owners simply cannot rely on the banks to provide them with any financial assistance in today’s economic climate unless they already have money to begin with.

Bootstrapping is the answer and in the majority of cases it is the only way that an entrepreneur can realistically expect to get their business off the ground.

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