2006-06-14 15:55:45 · 11 answers · asked by jugernaut23 1 in Business & Finance ➔ Other - Business & Finance
Actually having no credit may not be a limiting factor. Try these steps 1. get a copy of your credit report with the score posted. If you truly have not established any credit your score may be low but you need to know your score. 2. develop a business plan outlining your products or services and describe the market you are selling to. 3. Get help from your local SBA , SCORE or Small Business Development Center to help with details. 4. In your business plan detail how your business will generate cash and positive cash flow. 5. Based on these details you may find that the business will generate enough cash on its own and that you need little start up capital. 6. Review your plan and make adjustments. 7. Get your business started- Family and Freiends should not be overlooked to start up capital but only after you have demonstrated a strong plan. There are third parties that can help structure loans from family and friends.
2006-06-14 16:24:22 · answer #1 · answered by LAWRENCE J 1 · 1⤊ 1⤋
Soooo many people start this way!
If you really have the "know how", put together a business plan with all the juicy details. You're bound to know a few people with money. Go to them with the plan and ask for their help. You can't be too proud to beg. Don't just limit yourself to one guy ... go to as many as you can and don't be disappointed with the "no" answers. Take what you can get!
Someone may be willing to co-sign for a small business loan for you, if they're not willing to actually give you the cash. Check out the Small Business Association website (you'll have to google it, i don't know it by heart). There are all kinds of grants out there, that you don't have to pay back. Use that know-how to find them.
Good luck!
2006-06-14 16:02:28 · answer #2 · answered by wormfarmer 4 · 0⤊ 0⤋
Work, and get a business partner in the same boat. Sorry to say it, but that's how you start.
1. Decide on a small business project.
2. Find a person in the same boat as you and pool your assets.
3. Work evenings as a server (so that you don't have to claim all of your income) or as a babysitter, for example.
4. This frees up your days to pursue your business project.
Once you have a successful business project completed, you are more likely to find investors (through family, contacts you've made with the prior project, money you've saved up).
2006-06-14 16:00:43 · answer #3 · answered by Claudette 2 · 0⤊ 0⤋
Well, you could apply for a grant but they are really hard to get and you have to have a legit, worthy plan to review. If you're a people person you could network and try to find investors...sometimes it's all about who you know. Or, you could do it the old fashion way...work hard, save your money, and then start your business after you've learned the ropes...good luck.
2006-06-14 16:25:38 · answer #4 · answered by JC 5 · 0⤊ 0⤋
Unless you can find a sponsor, the previous poster is correct. You'll have to start off working for someone else before you can start working for yourself.
2006-06-14 16:00:42 · answer #5 · answered by Henry L 4 · 0⤊ 0⤋
Go to your local SBA and have them help you write a business plan to present to banks and prospective investors
2006-06-14 15:59:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
good luck selling that one. Your only hope is a private investor.
2006-06-14 15:58:41 · answer #7 · answered by Nagitar™ 7 · 0⤊ 0⤋
grants fund raisers chamber f commerce
2006-06-14 15:59:26 · answer #8 · answered by madia.brown@sbcglobal.net 1 · 0⤊ 0⤋
You don't.
Enjoy working for somebody else!
2006-06-14 15:58:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
just try,show the buissness your plan to start your buissness
2006-06-14 15:58:35 · answer #10 · answered by honeysuckle 3 · 0⤊ 0⤋