Investors are good most take a percentage of your company depending on how much they give you. A loan is your best bet but you might have a hard time getting one, in order to open a business you need to go into debt and there is practically no way to avoid that. For the first year you will most likely be repaying that debt and will not see any profit until after years 2 or 3 depending on how much you take out.
Ahm.. what business? A lemonade stand? A homegrown tobacco business? Silicon processor production and nanotechnology business?Some details could be useful. Because if it is internet related business like selling stuff on e-bay, selling stock photos, photos and art, or just creating funny t-shirst and selling them. It all can be done almost for no money at all. Or maybe a website web page kind of business, also can be started for free.But if it is more of a store business, or business that needs actual place that requires renting and money for production that it is harder. Especially if there is competition from big stores like walmart and such.Considering the economy and unemployment it is risky. But then again it may be easier to get a good credit with low percentages as well as get good workers for low pay.The idea of taking a chance and leaving your dream is good, but debt is not. Be careful and consider how likely the business will be successful or how likely it is to fail. Consider starting it with a few people to minimize the loss in case of failure.
Hello. If you have few hundreds to invest then I wouldWDfinitely recommend you to look in for Oriflame / Tupperware as your business. I started doing this business some 8 months back, with very little money in hand. Today am really doing good. Contact me to know more details regarding these 2 business opportunities.
You will need to have some money of your own to start up a business. Nobody is going to give or lend you money to start a business if you haven t proved that you CAN make and save money.
Read the success story of Mr. John Gokongwei. It is very inspiring and challenging.
