Clark Peterson wrote:
> My guess is about $5,000 to get a business up and
> 3,000 units of a 32 page product printed. As for
> fundraising, have the partners kick in an equal share.
> That of course is the zinger. You really should only
> partner with people that you feel deserve a split of
> the profits. Everyone else should be an employee.
> Where do you get the cash? Partner contribution,
> savings, beg parents. :) I looked into small business
> loans but that didnt seem like a good way to go.
There probably aren't any (or very, very few anyway) financial
institutions out there that are likely to give a small business loan for
that type of a start up company unless you have some damned good
collateral, as they will not take this type of a business seriously, and
will look at it as a big risk. Having pursued this route for a business
that I had previously owned several years ago, it is not an easy task to
secure a loan for a start up of any kind. When I had tried, my business
had already been in business for a couple of years, we had a good
reputation, and where showing a profit, thus the loan was for expansion
into a new market area, and even then it is tricky. We even had a
business plan with all the figures showing our expectations of the
resulting growth, with supporting documentation.
--
Aaron Smalley
ICQ#: 2080100
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