Trying to start a small business but don't have any funds to start with. credit is bad.?
want to own my own business. Been in the restaurant industry for years, so I have the managerial skills to operate my own business. however donot have the money and have bad credit. can I still get a loan or something with the SBA? This is my passion so I need all the help I can get. also looking for a business plan template for a restaurant or donut shop. My plans are awesom for my own little restaurant but at the same time I wanted to try to franchise with this one particular donut shop. Can anyone help me with any or all the information I need. Are there any organizations that help people like myself with nothing to invest with and bad credit?
User Comments
- Hi there, earlier there was a post about leverage... can I find out more how money can be made using that method...I am also trying to set up a small biz...but everything either involves alot of money or so much of running around ..
- Try to find a partner that you can cosign with. Or work on your payments with money owed to boost your score.
- Restaurant business is categorized as one of the most risky businesses around. It's been proved over and over again that the only guaranteed way to end up with one million dollars in a restaurant business it to invest two million into it.
Check the stats on Wellness Industry and its future predictions. Study business practices on your own and learn about leverage.
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P.S.
My wife and I, we have two children (Grade 1 and 2).They'd never seen us going to work. We take them to shool and we are home when they come back. They never heard from us that we can't afford this or that. Reason? We quit our jobs (Just Over Broke) and developed our income from Home Based Positions. Try it --- guaranteed you'll like it.