LifeinAsia - 3:19 pm on Mar 31, 2010 (gmt 0)
There's a reason for the old adage that banks only loan money to people who don't need it. You may be a risk taker, but banks are much more financially conservative, recent mortgage and stock meltdowns notwithstanding- although they DO show perfectly why banks should not be high risk takers).
I agree with the other postings- take on as little debt as possible. Not just now, but in the future as well. Cash flow may be okay now, but it only takes one lat (or non-) payment from a client to put you in a bind.
Similarly, avoid taking any investment money as long as possible. Building up a positive cash flow business without any outside investment is one of the most difficult things and a true indication of success. Getting a loan or investors is something that many people can do. Being successful without those 2 factors is something completely different.