I have seen many a friend start a business and use the favor bank in the process.  Typically, when you are starting a business, cash is at a premium and you would rather spend your available cash as sparingly as possible.  The best way to grow your business is to preserve your cash and tap into your favor bank.

To do so, you need to have built up credits in the favor bank.  What this means is that you need to have performed favors to people in the past.  If not, then you are going to go into debt with someone. This is not preferred way to achieve your goal because at some point in the future, your friend or associate will ask for a favor.  

As you may recall from one of the greatest movies of all time, the Godfather, Don Corleone believed and lived the Favor Bank.  As he aptly said "someday, and that day may never come, I'll call upon you to do a service for me. But until that day accept this justice as gift on my daughter's wedding day."

To avoid this situation as well as the situation where someone does not want to do a favor for you, it is best to build a reservoir of favor bank credits that you can draw down when you need them.  To do this, it is best to do favors as early and as frequent as possible so that you will have the goodwill at the time you need them.

Always remember, tap in the favor bank rather than your available cash as you build your business