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    1 Reply Latest reply on Apr 1, 2010 6:41 PM by TheSoloGuide

    business idea

    tcast67 Wayfarer
      me and my business partner are having a idea of starting a hand car wash but with other stuff inside. one of our ideas is to put a barbershop since we live in a urban area thought it would be a good idea. i was just wondering how could we start off since we dont have all the money to put into the business. and is it a good idea.
        • Re: business idea
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          tcast67:

           

          The answers to your questions come down to creating a business plan. While many new business owners cringe at this process and thus try to justify why it isn't necessary to create a plan are only delaying the pain they will feel once they get their business running ... if they get it running.

           

          If you are seeking a loan (which it sounds like you are), the bank or investor(s) in most cases will require a plan. They want to see that you have a clear vision for the business, how you plan on spending the money they lend you and your odds for paying them back.

           

          In some cases, a formal business plan isn't necessary, however, in your situation, you will need a formal plan. If you've never created one, I have a free page on my site that can help you. Here's the link:

           

          http://thesologuide.com/planning/

           

          By creating your plan, you will need to do market research answering your question whether your idea is a good one or not.

           

          I hope this helps for a start.

           

          All the Best,

           

          Doug Dolan

          The Solopreneur's Guide

          http://thesologuide.com/