2006-11-08 20:57:17 · 5 answers · asked by _nakahhidit_ 2 in Business & Finance ➔ Small Business
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!
2006-11-09 04:15:35 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
1. Make sure that you have a good market for the product you want to produce/sell,
2. tell your suppliers to supply very small quantity which you will pay half and the rest will be paid when sold (credit facility) this is to ensure that you dont tie up your 'capital',
3. Provide a very good environment for your goods.
4. Provide a good customer relation between you and your customers on daily basis.
5. provide a very suitable advertising strategy for your product, 6. sell at very low price that will give you a minimal profit for a start, this is to attract customers, then gradually maintain or increase price to earn more profit.
7. Go ahead and do business with the hope that it will grow, you will see what God can do for you.
2006-11-08 21:18:38 · answer #2 · answered by Nnamsco 3 · 0⤊ 0⤋
HI
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2006-11-08 21:06:44 · answer #3 · answered by talebi128 1 · 0⤊ 0⤋
dont spend the profits, and invest them back into the company!
2006-11-08 20:58:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
there is no guarantee that it will grow.
2006-11-09 01:50:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋