This comment has been moved to “Starting & Registering a Business”.
If you want to start the beauty supply business in your home it will depend
on where you live. Some towns require a permit, some neighborhoods
(associations) don't allow it at all.
Generally, it's a very good idea to start a new business from home. You save
a lot on expenses this way and you can test the waters to see if it is a
viable business idea.
What you always need to do first is write up a business plan. People hate to
hear that, but even if you don't need to request funding, it's a good idea to
have a business plan. That way you can see in writing if your plans will work
out. Espcially the financial side. You don't want to be 6 months into it and
discover you didn't plan for enough sales or inventory (for example).
Congrats for new business, well if is already an existing business then
definitely you must be aware form the business status. I am sure you will get
a financial support for your business. Just apply for the loan and wait for
some positive response.
Congrats for new business, well if is already an existing business then definitely you must be aware form the business status. I am sure you will get a financial support for your business. Just apply for the loan and wait for some positive response.
Hello. Prompt, in what organizations it is possible to address for the help
in receiving a grant on development of the social project not in the USA. We
develop the project about diabetes in Russia. Our purpose - to extend it is
as much as possible information on this disease and on methods of fight
against it. Thank you.
the loan finder | Window Shopper |
5/25/2012 - 9:24 pm
Loanuniverse makes a good point, a business with a proven track record will
be much more attractive to lenders than a start up. What is the feedback
you're getting at the moment from lenders? Is lack of equity or bad credit
the main hindernace to getting your loan?
Need to raise funds? Be careful who you borrow from - bad decisions can
cripple your new business so do a little looking around before you committ.
If you are looking at the business and it is listed on the open market for
sale, you may not have the time required to involve the SBA. Yes, I know they
dvertise as little as 72 hour turn around on loans ( RE: The Patriot Express
(?) Program) but to find participating loan companies in your area may be
very difficult. I have been calling and looking for one company that
patricipates in the Patriot Loan program for 100% disabled vets. Still
looking and I have exhausted the lists provided by SBA.
kmurray | Community Moderator |
5/22/2012 - 9:33 am
Hi,
Check out this blog post that offers information about buying an existing business. We also have this section of our website devoted to the topic. Best of luck!
kmurray | Community Moderator |
5/22/2012 - 9:33 am
Hi,
Check out this blog post that offers information about buying an existing business. We also have this section of our website devoted to the topic. Best of luck!
Actually this is not a startup. Because you are buying an existing business
you should be in a much better position to find financing. The reason is that
you will be able to rely on historical financial information to support your
request for a loan.
However, I think that before you start looking for financing, you should make
sure that buying the business is a good idea. Always keep in mind that you
should buy the business "as is" and not rely on "potential". If after
reviewing the financials you think that the deal is a good one then approach
a lender.
The lender should be able to give you some feedback, but remember that at the
end of the day the decision to lend you money will be based primarily on its
assessment on the likelihood of repayment.
Barbara Borom | Window Shopper | 6/15/2012 - 3:33 am
[1] http://www.sba.gov/content/i-want-start-beauty-supply-store-im-black-female-retired-can
bizplanhelper | Window Shopper | 6/15/2012 - 2:44 pm
on where you live. Some towns require a permit, some neighborhoods
(associations) don't allow it at all.
Generally, it's a very good idea to start a new business from home. You save
a lot on expenses this way and you can test the waters to see if it is a
viable business idea.
What you always need to do first is write up a business plan. People hate to
hear that, but even if you don't need to request funding, it's a good idea to
have a business plan. That way you can see in writing if your plans will work
out. Espcially the financial side. You don't want to be 6 months into it and
discover you didn't plan for enough sales or inventory (for example).
Check out my signature for more info.
Nympho's | Window Shopper | 5/31/2012 - 2:24 pm
eileen | Window Shopper | 5/28/2012 - 3:58 am
definitely you must be aware form the business status. I am sure you will get
a financial support for your business. Just apply for the loan and wait for
some positive response.
diabetportal | Window Shopper | 7/4/2012 - 6:46 pm
in receiving a grant on development of the social project not in the USA. We
develop the project about diabetes in Russia. Our purpose - to extend it is
as much as possible information on this disease and on methods of fight
against it. Thank you.
the loan finder | Window Shopper | 5/25/2012 - 9:24 pm
be much more attractive to lenders than a start up. What is the feedback
you're getting at the moment from lenders? Is lack of equity or bad credit
the main hindernace to getting your loan?
Actionwriter | Window Shopper | 5/24/2012 - 6:49 pm
sale, you may not have the time required to involve the SBA. Yes, I know they
dvertise as little as 72 hour turn around on loans ( RE: The Patriot Express
(?) Program) but to find participating loan companies in your area may be
very difficult. I have been calling and looking for one company that
patricipates in the Patriot Loan program for 100% disabled vets. Still
looking and I have exhausted the lists provided by SBA.
kmurray | Community Moderator | 5/22/2012 - 9:33 am
kmurray | Community Moderator | 5/22/2012 - 9:33 am
loanuniverse | Window Shopper | 5/21/2012 - 10:47 pm
you should be in a much better position to find financing. The reason is that
you will be able to rely on historical financial information to support your
request for a loan.
However, I think that before you start looking for financing, you should make
sure that buying the business is a good idea. Always keep in mind that you
should buy the business "as is" and not rely on "potential". If after
reviewing the financials you think that the deal is a good one then approach
a lender.
The lender should be able to give you some feedback, but remember that at the
end of the day the decision to lend you money will be based primarily on its
assessment on the likelihood of repayment.
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