Thursday Financial Tips from Alumni Cheerleaders member, Danetha Doe, former Indianapolis Colts Cheerleader!!

Should I get a business loan? All small business owners know that when you first start out in business, there is usually a lot of time and money invested before you see a substantial return. And sometimes it makes sense to get a loan to carry you through those initial expenses. But you are putting yourself in debt. I always suggest that entrepreneurs ask themselves three questions before seeking out a loan. The first question is have you made your first dollar selling your service or product? If not, I suggest waiting until you've proven that there are potential customers for you. This is helpful for you so you can fine-tune your offering. But also your lenders want to see that this is a proven concept and people actually want to buy from you. For the other two tips, sign up for this week's Money and Mimosas. My newsletter sent out every Monday on www.danethadoe.com

Danetha Doe is a financial strategist for female business owners who want to take their business to the next level while making time for a fabulous and meaningful lifestyle. She is the founder of Future of Accounting, a professional community based in San Francisco with over 200 accountants who use technology to improve their services. She has been featured on Huffington Post Live, Mind Body Green, YFS Magazine and others for her business accomplishments and efforts to create more opportunities for female entrepreneurs. An avid bike rider and advocate for environmental and women issues, she volunteers her time at the Bay Area Bike Coalition and the Renaissance Entrepreneurship Center.

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