I have a great business idea, but have very little money to start my dream.?

Question

If anyone has any info on how, who, and where I can turn to follow my dream. Thank you.

Answer 1

Go in a partnership with someone.

Answer 2

Do a business plan and pitch it to investors or a bank to loan you the money.  If you do your home work well and sell the idea well, you might be able to find someone to invest.  Otherwise, get a second job and start saving.  Know how much money you will need to make a go of it and remain solvent during the start up phase.  Also be careful how you grow during this phase in order to maintain solvency.

Answer 3

take out a loan from a bank for the start up cost or borrow money from friends and families...

Answer 4

talk to chase or bank of america or whoever.  You need counseling on what the risk is.  Make sure you ask to talk to a loan officer.

Answer 5

One great, free place you can turn to is the Small Business Development Centers. They are all over the country, usually affiliated with the business school of a university. Read more here and find one near you. http://sbdcnet.org/

They can help with feasibility studies, writing up a business plan, helping you find and evaluate financing, etc.

Your local library should also have books on finding money to start a business. Or browse for books online at Amazon or Barnes & Noble, then ask your library to borrow them for you via inter-library loan. It's a free service.

Some typical sources of funding:

--- using credit cards (not recommended unless the startup costs are fairly small and income is expected to be immediate)

--- taking out a loan from a bank or credit union

--- borrowing from family and friends

--- SBA loans, which are government loans from the U.S. Small Business Administration http://www.sba.gov/index.html

--- microloans from microlenders

--- loans from community programs, for instance, to help revitalize a community

--- venture capital (usually requires that the business be established, and you give them a controlling interest in return for big funding)

--- angel investors (investors who fund businesses for a profit but not necessarily for control) http://www.smallbusinessnotes.com/financ...