Forums: Discussions for entrepreneurs and small business.

I agree with rasiecapital - it takes some resources to start and build a business. The amount and type of required resources will vary depending several factors including the kind of business and the ultimate goal.

However, I think there is a  difference between "bootstrapping"  and trying to create a business on a shoestring.

 

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Coming from a job where I work in close connection with the franchise owner, I have seen first hand that if you don`t have money, or at least some very strong connections, it is very hard to set out on your own.  While perhaps he was just trying to discourage me from leaving his business, he pointed out many of the costs that can cripple a young start up like the one I have in mind.  Of course there are those out there much younger than my boss who say now is the time to take a risk, as I am young and would hopefully be able to recoup any major losses I might suffer.  I supopse there is no easy answer.  If I am head-strong enough to go to a bank and apply for a loan, either it will be approved or it won`t.  I certainly want to thank all who responded to my inquiry, as it is very helpful to hear what others think.  There really is only one way to find out if I can get the funding I need ot not, so I should probably get to it.

woodsy424,

Yes, there comes a time when one needs to take action. However, well planned and properly sequenced actions will reduce the time required while increasing the "success" factor.

 

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com