How to Start a Business : As greater numbers of Americans are faced with job loss, layoffs, and underemployment, the prospect of starting a business is an exciting opportunity. If you do not have enough capital to start and want to check out other financing options, you have to consider first your credit worthiness and eligibility for borrowed funding and whether you have collateral security for the funds you wish to borrow.
Some founders can finance their business entirely on their own dime or through friends and family, which is called bootstrapping.” This obviously gives the business owners a ton of flexibility for running the business, although it means taking on a larger financial risk – and when family’s involved, can lead to awkward holiday dinner conversations if things go wrong.
Through MarieTV, my online show with close to 30 million views, one of the biggest and most frequent questions I’m asked is how to get started in business — especially when you’re afraid to fail, torn between a lot of different business ideas and lost about what to do next.
If you’re starting an online business, you can tie your domain to an online shopping cart and store front such as Shopify for a low monthly fee, or you can build a basic website yourself on top of your URL with do-it-yourself drag-and-drop site builders such as Weebly for a low fee.
Money is what sustains a business, and without it you’ll never be able to make your business stand up and. So to get started, create your own simple, one-page business plan that is a high-level overview of the small business you’re about to start. Make a little free time part of your normal work day and you and your business will run a little more smoothly!