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May 23, 2006

New business owners often neglect personal finances

  • The solution to their problem could be in the business itself.
    • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — Personal finances often get a low priority from an entrepreneur who's trying to build a small business — if the choice is between investing in a new company's future and saving for rainy days or retirement, the business usually wins out.

    “I felt like really to make a go of it, I had to put my eggs into my business basket,” said Scott Tanner, who started Millennium Media Consulting, an Alexandria, Va.-based marketing business, four years ago.


     
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