You must evaluate the possible sources of funds. Each source of funds is very different in its ability to
satisfy your needs and what their lending requirements happen to be. In evaluating an individual source
of funding you will be able to save yourself an enormous amount of time. Pursuing a source, which
by definition you cannot qualify for or which is unable to satisfy your entire need, will waste time and
possibly hinder your business plan.
The basics of business ownership and management require being risk adverse and mitigating or reducing
risk whenever possible. Economies as well as your own individual business plan will go through many
up and down cycles. Be able to succeed no matter what cycle you are in, is the goal of professional
management. Risk Analysis is the beginning of your ultimate success.