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Business Start Up Checklist, ...

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Bulle001.gif (338 bytes)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.

Jb000787.gif (957 bytes) Here are few tips to help your idea work for you rather than borrowing.

Jb000463.gif (870 bytes) Get a supplier to consign inventory.

Jb000463.gif (870 bytes) Ask your vendor to loan you that piece of equipment you need in return for placing it on display in your front window.

Jb000463.gif (870 bytes) Buy used, buy less, make do.

Jb000463.gif (870 bytes) Use ideas to impress your clients, not fancy furniture.

Jb000463.gif (870 bytes) Go to the copy shop instead of buying a $10,000 machine,

Jb000463.gif (870 bytes) Order smaller quantities even at less advantageous margins until the product proves itself in the marketplace.

Jb000463.gif (870 bytes) Work the hours yourself and hire less employees.

Jb000463.gif (870 bytes) 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.

Jb000463.gif (870 bytes) Change your billing terms to require prepayment so you allow your customers to fund your growth.

Jb000787.gif (957 bytes) 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 MattersHealth/FitnessHerbal Medicine - Horoscope - Marriage/Family - Motivational - Solutions - Wisdom - email