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zippy258 · 01-11-2005, 08:49 AM

I have been on the path to starting my own small business since May and I strongly recommend that you contact the Small Business Administration for a loan. They have great rates and can give you the startup capital that you need to open up your store. Unfortunately many banks will not give you a business loan without the support of the SBA unless you have shown a profit and have impeccable personal credit. Check out this site for more info...

http://www.sba.gov/financing/index.html

Also, look into free government grants. Depending on your location there are state grants, federal grants, and just plain FREE MONEY for startup costs as well as demographic grants based on the availability of the service in your area. There are a lot of books out there that can give you the addresses to contact as well as help in writing the grant itself....needless to say that it is a complicated and lengthy process to get funding, but it has been proven to work!!! I'm still in the process of working on this

Before you precede you need to assess the marketing strategy you would have and the need for your store to work. Look into why these stores have failed (bankruptcy, lack of structure, etc.) You should also study up on your competition for pricing and availability of such needed service.

This endeavor takes perseverance, unappreciated hard work, personal funding, and soul searching but once you make your first sale it is well worth it. I have been marketing heavily for the past 6mo. and I have finally scored my first client that has the possibility of making me very busy for the next few years. This is the goal I was working for and it feels great to say that I am officially in business and I have my first check in the mail!!!!!

I hope this helps! Keep on researching and you'll find that anything is possible.

01-11-2005, 08:49 AM	#4 (permalink)
zippy258 Upright Location: drowning in a sea of unstable emotions	I have been on the path to starting my own small business since May and I strongly recommend that you contact the Small Business Administration for a loan. They have great rates and can give you the startup capital that you need to open up your store. Unfortunately many banks will not give you a business loan without the support of the SBA unless you have shown a profit and have impeccable personal credit. Check out this site for more info... http://www.sba.gov/financing/index.html Also, look into free government grants. Depending on your location there are state grants, federal grants, and just plain FREE MONEY for startup costs as well as demographic grants based on the availability of the service in your area. There are a lot of books out there that can give you the addresses to contact as well as help in writing the grant itself....needless to say that it is a complicated and lengthy process to get funding, but it has been proven to work!!! I'm still in the process of working on this Before you precede you need to assess the marketing strategy you would have and the need for your store to work. Look into why these stores have failed (bankruptcy, lack of structure, etc.) You should also study up on your competition for pricing and availability of such needed service. This endeavor takes perseverance, unappreciated hard work, personal funding, and soul searching but once you make your first sale it is well worth it. I have been marketing heavily for the past 6mo. and I have finally scored my first client that has the possibility of making me very busy for the next few years. This is the goal I was working for and it feels great to say that I am officially in business and I have my first check in the mail!!!!! I hope this helps! Keep on researching and you'll find that anything is possible.