Entry #4

This week for the $100.00 challenge, I was able to consider where I would be getting my funding to start my business. I decided to obtain funding strictly from my personal finances in order to avoid any potential debt problems with investors or banks. I really liked the talk that was assigned to us to read this week by James E. Faust. I learned a lot from that talk about how important it is to avoid all forms of debt however possible in order to remain a successful steward over money. Money can so easily control our lives if we allow it to, and I think that’s a main reason why the prophets and apostles talk so much about being responsible with our money and making sure we stay out of debt. I think that when it comes to starting a business, it can definitely be a challenge to avoid getting into debt because you need money in order to get things off the ground in the beginning. I really appreciated the opportunity to learn this week about all of the different ways that a business can be started without having to go into debt to do so. I feel much more prepared now to set appropriate goals to avoid as much debt as possible when starting my own business.