{"id":52437,"date":"2018-07-24T09:26:43","date_gmt":"2018-07-24T13:26:43","guid":{"rendered":"https:\/\/brocku.ca\/brock-news\/?p=52437"},"modified":"2024-09-01T09:56:01","modified_gmt":"2024-09-01T13:56:01","slug":"armstrong-and-sokolyk-better-borrowing-boosts-start-ups","status":"publish","type":"post","link":"https:\/\/brocku.ca\/brock-news\/2018\/07\/armstrong-and-sokolyk-better-borrowing-boosts-start-ups\/","title":{"rendered":"ARMSTRONG AND SOKOLYK: Better borrowing boosts start-ups"},"content":{"rendered":"<p>Michael Armstrong and Tatyana Sokolyk, both Associate Professors of Operations Research in\u00a0Brock\u2019s Goodman School of Business, wrote a <a href=\"https:\/\/theconversation.com\/better-borrowing-boosts-start-ups-100308\" target=\"_blank\" rel=\"noopener\">piece recently published in The Conversation<\/a> about the most beneficial borrowing options for new businesses.<\/p>\n<p>Armstrong and Sokolyk write:<\/p>\n<p><em>Starting a new business can be\u00a0satisfying but stressful. Among other tasks, entrepreneurs must raise enough funds for their ventures. But it turns out the type of funding matters, not just the amount. Start-ups funded via business loans tend to outperform those using personal loans or having no loans at all.<\/em><\/p>\n<p><em>Relatively few new businesses rely only on equity financing from their owners.\u00a0A survey\u00a0of start-ups in the United States found three-quarters also had some kind of debt.<\/em><\/p>\n<p><em>About 55 per cent of start-ups used personal debt in the owner\u2019s name. Examples include personal bank loans and home equity lines of credit. Some 44 per cent used business debt, like bank loans made directly to the firms. And 24 per cent used\u00a0trade credit\u00a0from their suppliers. For example, they would wait 30 days to pay suppliers\u2019 invoices.<\/em><\/p>\n<p>Continue reading the full article <a href=\"https:\/\/theconversation.com\/better-borrowing-boosts-start-ups-100308\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Armstrong and Tatyana Sokolyk, both Associate Professors of Operations Research in\u00a0Brock\u2019s Goodman School of Business, wrote a piece recently published in The Conversation about the most beneficial borrowing options for new businesses.<\/p>\n","protected":false},"author":1,"featured_media":45641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[594,4395,6353],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/52437"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=52437"}],"version-history":[{"count":1,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/52437\/revisions"}],"predecessor-version":[{"id":52438,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/52437\/revisions\/52438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/45641"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=52437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=52437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=52437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}