-
Re: New business, question about financing
New business
Who r u?? Go to Members page and share some info
If I was going to start a new business, I would develop a business plan and
contact SCORE. SCORE is FREE
<!--Session data-->
<!--Session data--> -
Re: New business, question about financing
jcal0914:
To help you with knowing what steps to take, my partner and I offer a checklist that you can download through our site, Small Biz Break. The address to our site is below. Go to the Register tab, follow the instructions and you will receive an email with access to our Solutions Center.
Once inside there, you will see the Start-Up Checklist (plus other helpful business forms and templates).
Let us know if you need any help completing the checklist.
As for funding, I recommend you connect with "phanio", a community member here who is excellent.
I hope this helps.
Doug Dolan
Small Biz Break (http://smallbizbreak.com)
"Simple, Spontaneous, Success" -
Re: New business, question about financing
Assuming that your partner (with 10+ years of experience) has many of the tools you will need. I suggest that you first forget about funding or form of organization and start knocking on doors (business and residential). Start getting your book of business going - start earning some revenue (given the amount of tools you have now) - then as the business grows - look into forming a formal organization and seeking out funding.
Lastly, contact Doug Dolan (thesologuide) if you haven't already. He can help you really put your business in perspective and get you started on the right foot.
Business Junkie .org
www.businessjunkie.org -
Re: New business, question about financing
I would open it as a Limited Liability Company and even if one of you has bad credit you may be able to get a Microloan under the SBA. -
Re: New business, question about financing
Having bad credit will hinder your ability to get a loan from your bank or local financial institution - but it should not stop your ability to finance your company if you know where to look.
Clearly, you will want the partner with the best credit to have the ability to contract for and lead any business financing deals.
But, more importantly, is for you to understand 1) how much you are seeking and 2) what those funds will be used for.
Depending on the amount and the use of funds, there are many, many options, some that rely on credit and some that don't, for your business.
For information on the different types of loans that might be available for your business - please visit our website. It is free to use so feel free to look around and educate yourself.
Business Money Today
http://www.businessmoneytoday.com
This discussion is locked
Post a new topic
Become A Member
Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.
Get Started Become A MemberUpdate Your Profile
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.
View ProfileCommunity Actions
Recent Discussions
Loading results…
There are no recent discussions
Search for answers
Ask the community
Take part in the conversation and post your own question to the community.
Please login or become a member to participate
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.
-
Enclose your search phrase in quotes. Search will try to find content with those words in the order you enclosed them. A search for "marketing advice" is going to return content with the phrase "marketing advice".
-
Search for content that has certain words, but not necessarily all of the words in order. This is the most basic search. Simply enter your search terms. For example: accept credit cards This will search for documents containing the words accept, credit, and cards
-
Using OR. The OR operator links two terms and finds a matching document if either of the terms exist in a document. To search for documents that contain either "web design" or just "online marketing" use the query: "web design" OR "online marketing"
- Using AND. The AND operator says that the search should return content in which all of the search terms are present. To search for documents that contain both "web design" and just "online marketing" use a search like this: "web design" AND "online marketing"
We would appreciate having your voice in the Small Business Community. You can participate in a number of ways.
-
Start a discussion in our member-to-member forums. By participating in the Small Business Community, our members gain knowledge and connections that give them a competitive advantage in building a successful business. Take advantage of the collective experience and expertise of the community to get small business ideas and help with a specific question or business challenge.
-
To post your question in our community, in the “Ask the community” section, from the drop-down, select the category that you’d like to post to, then click the “Start a Discussion” button. If you simply want to introduce yourself to the community, please select the “Introduce Yourself” category.
Note: you must be a logged-in member of the community to post a discussion. Please login or become a member to participate.
-
Share your small business story. Do you have an interesting story to tell related to your small business? Have some advice for other entrepreneurs to help them avoid some of the pitfalls of small business ownership? We invite you to share your story with the Small Business Community. Click the “Share Your Story” link and simply answer the questions in our Share Your Story template.
- Answer a question. Are you an expert in a particular area of running and growing a successful small business? Would you like to help other small business entrepreneurs by answering their questions? We would appreciate your expertise in the Small Business Community. Please click the “Answer a Question” link to see a list of the open questions asked by members of the community.
More Like This
Legend
- Correct Answers - 100 points