Make
Money at Home
 BzWoman.com |
Home - AskJenna - Books - Career /Business - Financial Matters - Health/Fitness - Herbal Medicine - Horoscope - Marriage/Family - Motivational - Solutions - Wisdom - email
How can I borrow money to start my business?
As an entrepreneur you need to know and learn it by the heart that debt brings you closer to pain and failure rather than success.
When you make mistake with cash, it hurts, but it doesn't follow you for five years.
You need money to expand the inventory, you need money to start your idea, you need to borrow money to succeed in you business.
Here are few tips to help
your idea work for you rather than borrowing.
Get a supplier to consign inventory.
Ask your vendor to loan you that piece of equipment you
need in return for placing it on display in your front window.
Buy used, buy less, make do.
Use ideas to impress your clients, not fancy furniture.
Go to the copy shop instead of buying a $10,000 machine,
Order smaller quantities even at less advantageous margins
until the product proves itself in the marketplace.
Work the hours yourself and hire less employees.
Use more help by offering interns the experience of work
and certificate of training on the job. This way will prove you who is good for the job
that you are seeking. Hire the best among them, instead of going through changing
employees one after the other, wasting time, energy, and money.
Change your billing terms to require prepayment so you
allow your customers to fund your growth.
Remember number one thing
anyone can do to built wealth is to get out of debt and stay
out.
I need capital to start my business
Home - AskJenna - Books - Career /Business - Financial Matters - Health/Fitness - Herbal Medicine - Horoscope - Marriage/Family - Motivational - Solutions - Wisdom - email