By Nolan O'sullivanUndercapitalisationBeing undercapitalised is not only about lack of equity, but also the lack of appropriate debt facilities from a bank that understands the new business and its risk-reward profile. One cure for early cash-flow woes is to dig your well before you need it.Arrange that "opportunity" or "mistake" finance well in advance, so you don't have to rely on banks at the last minute. Many start-ups exceed their initial projections and then the principals scramble to pul....
STARTING A BUISINESS
