Is there any reason why I couldn't open a retail business with no money? In other words, getting all funds from investors and bank loans?
2006-09-06 20:44:53 · 5 answers · asked by feelinfree408 1 in Business & Finance ➔ Other - Business & Finance
I don't think I really have any credit.. I haven't done anything to get credit
2006-09-06 21:16:43 · update #1
A consulting business? wtf? consult what??
2006-09-07 01:01:36 · update #2
It's possible if you have good credit, good ideas, and most importantly, a well-presented business plan.
I think I read a case study about a couple chicks who started a clothing line for fat chicks... ahem... overweight teenage girls where they started with very little to no cash out of their own pocket.
2006-09-06 20:59:22 · answer #1 · answered by corous 2 · 0⤊ 0⤋
It's unlikely. I dont mean to be negative but you'll have to secure the money somehow. We are not talking about a $2,000 loan here that you can pay back from your income because let's face it, you won't have an income. Get yourself a business plan and look at the figures. If you can't turn a profit on paper, you won't turn a profit in your business. There are alot of financial responsibility in a business ... rent, utilities, taxes, salaries (yours and employees), inventory, etc. It takes a long time to break even. I am not saying it cannot be done but the odds are against you. Why not start out with a consulting business to earn money to invest into the business?
2006-09-07 00:08:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can become a liason agent and start by tieing up with companies like us based in India. We are an India based garment house, if you can sell our products to stores in US, we could retain you on a commission basis. If you are interested then mail me at hsmavi@yahoo.com
2006-09-06 23:03:27 · answer #3 · answered by harry 1 · 0⤊ 0⤋
convinced and No you'll get a sellers license, yet you isn't in a position to promote to the favourite public. you may surely promote to different sellers. it truly is referred to as a wholesale sellers license. you want to do your homework before you do this. you may want to purchase a storage coverage coverage which value round a grand a month. assume to have a minimum of $3,000 a month in prices, coverage, bonds, licenses, telephone, interest on floor plan, commerce call, EIN determination, and it is going on and on. A broking license is meant to guard the sellers from what you want to do. maximum states require a sellers license once you've reason to make a earnings.
2016-11-25 01:58:20 · answer #4 · answered by ? 3 · 0⤊ 0⤋
You can start any business without money.
2006-09-06 20:48:37 · answer #5 · answered by x_squared 4 · 0⤊ 0⤋