My husband and I are considering starting our own business. We do not have perfect credit....will this keep us from getting the financing necessary to start our own business?
2007-05-08 07:07:14 · 4 answers · asked by ~*SuMmEr*~ 2 in Business & Finance ➔ Small Business
I am also trying to start a small business and my credit history is not all that good at the moment, I am finding it very hard to get finance for my venture. Im going to try to get my credit score up over the next 3-4 months and then try again , as I am told that this could make a big difference.
Dont let it stop you and good luck......................
2007-05-08 07:36:02 · answer #1 · answered by the noel 1 · 0⤊ 0⤋
You should consider a network marketing company. You have to build a business through marketing and meeting a talking to people, just like in a traditional business. However, the overhead costs are low, you don't have to be approved for credit, and if you fail (most traditional business fail within five years of startup) you will not have loads of debt.
Make sure you thoroughly research any company or business deal. There are many scams out there.
2007-05-08 14:15:01 · answer #2 · answered by madimbahs 1 · 0⤊ 0⤋
Most of the time, but rember, you do NOT need to spend big bucks to be in biz. It realy depends on what you enjoy. I have gone to the local flea market on the weekend and made over a thousand dollars before. I have several site online now, but still enjoy the fresh air and selling from time to time. Buying and selling has alway been the key for thousands of years. Find a good wholesaler that does not require you to pay them to sell thier stuff, does NOT require you to purchase a million items and has NO membership fee. Kind of like www.BradshawWholesale.com/ NO membership fee, NO minimums, No fee to join!
2007-05-08 14:12:28 · answer #3 · answered by jimmy b 3 · 0⤊ 0⤋
Try YTB there ticker name is YTBL.
www.ytb.com/mlewis
2007-05-08 19:58:34 · answer #4 · answered by babymyke19 1 · 0⤊ 0⤋