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Last month, I was helping a young couple who wanted to get in the boat cleaning business down to the local marina. They lived in a quaint harbor town, and always wanted a business of his own. Finally sat down to watch the beginning of the sea based service company of this kind. They wanted to know how to find investors for their new business, they do not have savings to get started. I recommended any small business consultant wanted and suggested they write a business plan
When armed with a business I told them. you get to raise the money you need to start your business easier. If you approach the bank you can look into the SBA loan or small business loan. Usually, I advise not to use credit cards because of high interest rates, but more and more entrepreneurs are using a credit card these days to finance their start-ups. This should be a last resort, but it is a possibility, so consider it.
now, if you are looking for private money, do not be alarmed if individual investors or angle turn you down, sometimes it takes a few promotions just to get good at it. Maybe, you have to practice a bit in the mirror, or family ask you tough questions. Might I suggest that other business owners in the harbor might be interested in discussing a possible alliance with you and perhaps financing venture. Bundling services could bring them more business, and you want immediate access to their customer base to give you an advantage. If you are looking for a partner, which could be a sensible idea.
Borrowing money from family can be a tricky endeavor, but if you have family members who are in business already, they may be interested in talking about the prospects. Perhaps you have friends with money? Perhaps you know someone with a yacht that need services, they want it cleaned, someone they can trust, and they would not mind doing a little play money on the side to pay for their sea, sailing or boating hobby.
If you run out of potential investors or financial options partner, perhaps you could then consider asking for longer and better terms from vendors such as cleaning suppliers, or vendor financing perhaps through leasing companies – and then use your credit Your business licenses, permits, and attorney fees for the formation of business strategy.
Indeed hope I study my case here find a place in memory if you are a small business consultant, or if you are an entrepreneur need to start up advice in securing capital to start their own service business no matter what industry you are, so please consider all this.
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