What is your business? As DeeBee1 mentioned there are several ways to get business financing but the only way we can determine what is suitable for you if we know more about the business you are going to get into. For example, i want to open up my own restaurant. The kind of capital i would need is really big since restaurant equipments are quite expensive. In this case, i will consider leasing the equipment to free up my cash from being tied down to a depreciating equipment and at the same time i can acquire the latest model/equipment i want plus there is a big tax advantage when you choose to lease.
High visibility in the market both online and offline. Employ all the social media tools that you need. Email Marketing. Network. Personalize the business and through that it will spread through word of mouth. You need patience and perseverance if you want to grow big. Aside from that, keep start up costs realistic and practical. Consider as well leasing your equipments to reduce costs.
LeaseQ would like to offer to the community especially for those startup companies dreaming of having their own
business. We are an online market place that connects businesses, equipment dealers and leasing companies to
make selling and financing equipment fast and easy.
We love to hear your thoughts and if you need advice we are here to listen and help you.
Angela, i think its perfectly normal to fear and to have the what ifs that continues to haunt your thoughts. I had been in that very same place. One, there is really no guarantee but we can only be assured that you are doing the best you can. They say real entrepreneurs are visionary. They keep focused on their goal despite the obstacles or difficulties that come their way. I think you should have a healthy fear but not fear that will cripple you to pursue your dream and move forward. Its notgoing to be always up but during the downtime this is where the passion and love for the business you have created should be in place. If you love what you do and the business then fear is replaced with determination and persistence. I had my own shares of rejection and failure in the business but when it finally took a different turn and all the hardwork is rewarded. Continue to learn and be wise in terms of managing your assets and resources. Reduce your start up costs and one good example of that is to lease your equipment. It will help free up your cash and not tied to a depreciating equipment.
Start up equipment would be best to lease them than do a cash purchase. It seems easier on the budget for all those who are just starting their business. In leasing you will find that you will be able to manage your resources well since the cash is no longer tied up with a depreciating equipment and can be utilized for other purposes.