I don't have any money to work with, but I have some awesome ideas. I just don't know what to do for funds. I'd also like to know what criteria I need to meet and the steps I'd have to take to start everything. Please be specific, thank you guys!
2006-12-17 19:07:56 · 9 answers · asked by Shinako 1 in Business & Finance ➔ Small Business
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky
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!
2006-12-18 04:20:05 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
Money is always the problem, but sometimes the answer is simple. BORROW it from your family. But first convince them about your business. Why it's good, why it's worth spending their money for, and most important how long will you return the money you borrowed. This is usually called BEP (break even point). Ofcourse you have to know what business you want to do first. If this failed, borrow from your friends or maybe the bank.
To decide this, you'll need to perform a small survey (or just small conversations) around the people from your business area location, about what's the best the place could be.
Remember: the best way to start a business is to START a business. Most people are afraid to start their own business. They're afraid of bankrupcy. Don't be afraid! Not all business is successful. If you fail, start again. At least you learn something from your (or maybe other people's) past experience.
Also, no criteria is needed. Learn by doing, and don't rush on things.
2006-12-17 19:33:25 · answer #2 · answered by BryanB 4 · 0⤊ 0⤋
You can know as much as you like, but the key is to know enough.
I dumped the Dilbert, "working fo' da man" thing, started in my garage, but I had developed a connection to the market, so it worked. I also knew the business. Capitalization was $2000 US at most. It's do-able.
If you go the "get investors" route to make it easier, you'll need a business plan, credentials, and incorporation lawyers.
Good luck. Be prepared to fight your biggest enemy --- sleep.
And if you're in the US, which is your best chance for starting a small business, you still need a good tax accountant.
Best wishes.
(Self-emplyed since '92. Not rich, but free.)
2006-12-17 19:27:23 · answer #3 · answered by Boomer Wisdom 7 · 0⤊ 0⤋
It depends on what you are looking into marketing. I am the CEO of Extreme Energy and the founder and leader of the Xtreme Team. I started my very first small home based business by joining with a manufacturing corporation for FREE and investing only $69.95 for my first order of product. Then I began to market this product and it took off from there. I got my initial investment of $69.95 back within the first 1 week and my business and my team has grown at a good pace. I now make the exact same offer to other folks who are searching for that American Dream with only a small investment to get started. IM, e-mail or call me and I will be glad to assist you in getting started, and while you are at the site go ahead and request your FREE energy drink
2006-12-17 19:29:47 · answer #4 · answered by ? 2 · 0⤊ 1⤋
Go to http://www.score.org/ to find the nearest SCORE chapter. Contact them to arrange for a free one on one meeting with a SCORE counselor.
SCORE is a nonprofit organization. They provide a public service by offering small business advice and training. .
SCORE's 10,500 volunteers have more than 600 business skills. Volunteers share their wisdom and lessons learned in business. The volunteers are working/retired business owners, executives and corporate leaders.
2006-12-18 00:02:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Its depend on location, demand, experience, potential and u hadn't written about ur ideas.
2006-12-17 19:21:58 · answer #6 · answered by Sonu Raja 3 · 0⤊ 0⤋
It mainly just depends on the type of buisness you are planning on opening.
2006-12-17 19:10:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Check out this site www.carlshealthhelp.com/biz
2006-12-20 10:01:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋
depent on where you live,what kind of bussiness too
2006-12-17 19:11:36 · answer #9 · answered by colorado 3 · 0⤊ 0⤋