When you first plan on starting a business, you’d feel giddy with excitement. In my own experience, what I did first was to write a kick-ass (excuse my French) business proposal which I then pitched to my local bank. It took me two months to draft it, another month to perfect it and it took [...]
Archive for the ‘Uncategorized’ Category
There are a lot that could be said about teenagers starting a band out in a garage. Your neighbors might be irritated because of the noise, you might be frustrated because you have to pay extra for electricity but when you think about it, you could actually get something out of it. The idea that [...]
Small businesses which are trying to launch a new product or service need to test whether it is viable to their target market. One cannot just launch a product without testing its marketability and often, this is one area which proves to be financially crippling to a company especially since we haven’t risen from the [...]
In previous posts, there were different ways on how to start your business using bootstrapping techniques. There’s one other technique that has not been discussed that much and that is trade credit. In simple terms, this is when a company has arrangements with their suppliers to provide them with goods and services and the payment [...]
You have wracked your brains for the best business idea and now you’re faced with the challenge of where to get the money to start your business. The economy is slowly picking up and you think you might have a chance in asking for a loan. Not to burst your bubble but that is unlikely. [...]
Using Your Retirement Fund for Putting up a Business
Posted: August 19, 2010 in UncategorizedTags: 401K, retirement fund
”Let’s face it. There is a slim chance you can get a loan from banks and other companies such as VCs in today’s post-recession slump. Your credit standing might be respectable but because you are new in the business, most investors just would not take the chance. So, what are your options? If you’re like [...]
Bootstrap Marketing for Your Business
Posted: August 17, 2010 in UncategorizedTags: bootstrap marketing, small business marketing
”There are numerous ideas and ways to bootstrap or finance your own business. Apart from using your own funds to actually start the business, you also need to look for cheaper alternatives to market your products and services. Advertising what your services could stretch your already tight budget and the best recourse is for you [...]
”Most people do not ask money from investors in order to put up their own business and they are right in doing so. Being self-reliant is a virtue that successful entrepreneurs have. Look at it this way, you want to set up your own business because you’re tired of that nine-to-five job you have and [...]
”Not all of us are born with a silver spoon. If you are thinking of going into business, you can’t just scout around for capitalists and investors who will back you up because most likely, they wouldn’t. I’m not being a pessimist here but with the economic downturn, financial support from investors is highly unlikely [...]
”It takes more than just having a really brilliant business plan for your business to get a head start. All the big firms started small and most even went to the point of being nearly bankrupt but they prevailed. It’s a great idea to use your own finances, or bootstrap, your way into setting up [...]
