Try not to let fear dictate franchise/business ownership possibilities
Most people won't even investigate their alternative career options because of the "money" questions..
Knowledge IS power!
Action Steps
The best contacts and resources to help you get it done
Go to a terrific goverment website
The Small Business Administration is a great place to start getting general information on financing options and requirements.
I recommend: The SBA
Start Up Nation resources
Start Up Nation is a nice website for future and new small business owners. Lots of free tips and advice.
I recommend: Start Up Nation
Tips & Tactics
Helpful advice for making the most of this Guide
- 1. Have a formal business plan, and enlist others such as CPA's or a counselor at a local Small Business Dev. Center.
2. Put yourself in your lender's shoes.
Would you lend money to you?
3. Don't give up. It is not unusual to get turned down the first time you apply. The lender may give you some ideas on how to restructure the package.
4. Be realistic in your financial projections. Be conservative, and plan on a break even time.
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