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Why the Best Time to Start a Business is During a Recession

Shopify Masters

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The Art of Compounding Capital

There was an art to compounding capital, you know, taking that official initial investment and making sure that we were making money on it. I wasn't able to take a salary or bring on other people because again, any money spent on anything else meant that our working capital wasn't growing. When it came to being able to go out there and getting debt, banks typically required two tax returns and tax returns that show that you've made some money in those periods. So I had to wait until I was in business for a few years before I can obtain a line of credit from a bank.

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