Small Buisness Loan Info...

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notmartha Bay City, MI(Zone 6a) Apr 09, 2003

Small Buisness Loan Info needed!
I know we talked about this before and someone posted a few sites to check out.
Any Info,sites anything would be appreciated!
Thanks in advance
dori

Post #507069
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Aotearoa New York City, NY(Zone 6b) Apr 09, 2003

http://www.sba.gov/

http://www.business.gov/

http://www.onlinewbc.gov/

I have a few basic suggestions:

1. Write a clear business plan.

2. Analyze the competition.

3. Don't spend any money until you absolutely have to.

4. Understand that incorporating DOES NOT actually shield you from liability.

5. Do not mix business and personal funds.

6. If you don't already know it, learn Excel.

7. If you don't already know it. learn one of the basic small business accounting softwares.

8. Avoid lawyers as if they were lepers (I went to law school).

9. Join a women in business forum in your community.

10. When pricing your product or service, remember that if you start out at the lowest price you have nowhere to discount to.

I have bought and sold a number of businesses and am involved in a few currently. If you'd like to email me for off line discussion, please feel free.

Best of luck.

Adam.

Post #507084
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