Thinking about starting a business in this economy does seem quite daunting. You are probably asking yourself, what banks are going to offer me a Small Business Loan or am I still able to get a Business Credit Line in this downturn economy? The answer lies in where you ask for a loan. If you ask a struggling bank for a small business loan, you may be on hold for awhile of not indefinitely, but if you reach out to other financial resources, like small business investors, you will find that there are several offers available to you.
You Can’t Get Something For Nothing However
Do you have a business model ready? Have you already started your business with your own savings? Can you prove to venture capitalists that you have a complete game plan? If you are able to prove everything in detail on how you are going to use their money to create a profitable business, it’s likely that you will be able to get the funding you need, verses the entrepreneur with just a big idea.
Take a Look Back on History
Microsoft, Disney and Johnson and Johnson were all started in recessed economies. They likely didn’t have banks that were completely frozen with cash, but they did have stable business plans and hard working people working for them. Investors back then, like now are looking for safe investments and bargain investments. The statistics show, that if you can self-fund your business in the beginning, you are likely to get financial help later on, once you are more established with a customer base and can prove a need. Rome wasn’t built in a day of course, and it wasn’t done by one person. You will need patience to build a great business and you will need great help.
Right now, there are a ton of people out there looking for jobs, a lot of really intelligent, hardworking people that can help you turn your small business into a profitable and successful dream job. Plus, in this competitive market, you can hire them today for a lot less than yesterday. Instead of using personal credit cards to start your business and launch yourself into debt faster than you need to, think about venture capitalists, small business financing corporations or better yet- ask a well to do family member to throw you a bone.
Think about it, the business is out there, people will continue to buy things everyday- but the trick is how you get a slice of that pie? If you have the drive, vision and will to start up your business, why wait for the optimum timing? It’s likely that the optimum timing won’t come around any time soon and someone else runs with your idea instead. The money is out there somewhere- it’s all about how you go and get it.
You Can’t Get Something For Nothing However
Do you have a business model ready? Have you already started your business with your own savings? Can you prove to venture capitalists that you have a complete game plan? If you are able to prove everything in detail on how you are going to use their money to create a profitable business, it’s likely that you will be able to get the funding you need, verses the entrepreneur with just a big idea.
Take a Look Back on History
Microsoft, Disney and Johnson and Johnson were all started in recessed economies. They likely didn’t have banks that were completely frozen with cash, but they did have stable business plans and hard working people working for them. Investors back then, like now are looking for safe investments and bargain investments. The statistics show, that if you can self-fund your business in the beginning, you are likely to get financial help later on, once you are more established with a customer base and can prove a need. Rome wasn’t built in a day of course, and it wasn’t done by one person. You will need patience to build a great business and you will need great help.
Right now, there are a ton of people out there looking for jobs, a lot of really intelligent, hardworking people that can help you turn your small business into a profitable and successful dream job. Plus, in this competitive market, you can hire them today for a lot less than yesterday. Instead of using personal credit cards to start your business and launch yourself into debt faster than you need to, think about venture capitalists, small business financing corporations or better yet- ask a well to do family member to throw you a bone.
Think about it, the business is out there, people will continue to buy things everyday- but the trick is how you get a slice of that pie? If you have the drive, vision and will to start up your business, why wait for the optimum timing? It’s likely that the optimum timing won’t come around any time soon and someone else runs with your idea instead. The money is out there somewhere- it’s all about how you go and get it.
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