How do I get money to start my own business?

Question

I just graduated from College with a degree in Business MGMT and Applied Psychology. I think I could create and run a business. I only have about $600 in my bank account and the most expensive thing I own is my 6000 car. I have 20,000 in student loads that I need to pay off. My fancy Tech job of working at an internet retail store as a sales specialist only pays $9.00/hr in MT. How can I get money to run my own business so that I can apply my education and passions?

Answer 1

To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Have you considered getting an MBA?

http://www.daylon.com/mba/

&

http://www.daylon.com/mbadegree/