Need business advice!?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
Really, you're doomed from the start if you do not have a plan. Think it over.
Need business advice!?It's difficult for banks to loan you money when you don't have a business plan... So most likely, you're going to have to go off on your credit. But depending on your credit, you can most likely get a line of credit from banks to help start off your business. Even then, you most likely won't get anymore than 20 thousand dollars even if you have good credit. However, another option is to take out a mortgage on your home and use the money to invest toward your business. Also, I sure you hope guys have a good chunk of money saved up so far, because it's quite expensive to start out a business on your own. Best of luck.
Bacchus
Need business advice!?I don't believe a business plan demands investors but most banks do want to see a business plan because by loaning you money they are in fact, investing in your business. They need to know you have a plan and know what you are doing. I would prepare a plan and present it to a bank without looking for outside investment it will do you no harm and should help your cause.
Need business advice!?If you can't write a business plan, you are not ready to start your business.
Write the plan, for yourself, not investors.
Need business advice!?i dont think the bank will loan you money unless they are assured that you will pay them back..
have a plan first.. and dont worry.. investors will not harm you...
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