thanks guys i`ve actuallly been to those 10 steps before. they`ve been useful. i want to open a place that sells new shoes like they have at the store journeys and thier stuff but add in music cds, mp3s and other teen stuff. in my area there are nothin for kids to do but go to movies and hang out at the high schools games. and theres no electronics store here closest thing is walmart. and everyone hates it cause its the same ol` stuff. and i`ve caught my self saying how much i hate it. and iif i had one of my own how i would change it. i actually ran into my old boss tongiht and he had his own business and i think i`m going to talk to him about helping me out at first. but i seriously dont think banks could take me seriously when i ask for a loan to start one. any more good ideas? any help is great!
Well, thank you Craig. I was writing informally because I`m a on forum and did not really think to use proper usage. Well, i will keep my mind in that mindset from now on whenever i write on here.
I am leaning towards more of the debt financing. I`ve talked to my business professor, who owns her own reality company, and she told me my best to receive money would be to talk to the SBA. However, i have check thier website and the forms imply that I`ll have to have some assets. Since I am not very old, I do not own my own house, car, etc. So i do not have anything that i could put up for collateral. (sorry about spelling). Any Suggestions?
On another note, I am currently surveying the high schools teenagers around the area where my business will be stationed. I am hopeing that the data collected will prove that my educated guess of "teenagers want the business that i will propose to bring to this area" correct.
Honestly, Craig thanks. :-). Also I have ran into another problem. I have been thinking about franchises and how much easier it would be to own one than to start from nothing. I know this doesnt on this forum but please still help me. The problem I found is most company`s I contact are company owned and do not franchise. And if i do not franchise then i have no clue where to get an supplier. I would like to sell clothes for teenagers but the companys I contact do not franchise. So any ideas on that one?
Have you considered trying it online first? It seems to me that it`s a good way to test the waters without a lot of overhead. You can look at it as market research that might even pay you.