WOT: Small business loan

[mis5dis6gis7]

Say in a few years I wanted to open my own business, what should I do to start preparing?

Link to things I should read up on

Experiences for anyone who has done it before.

 

Any help appreciated.

[Stratman Tigers]

This is relevant to my interests. I want to open up an all-ages venue with a few other guys.

[H.R. Shove and Stuff]

You'd probably be better off moving to another country.

[mis5dis6gis7]

You'd probably be better off moving to another country.

 

 

How's Canada? I hear the weather is nice this time of year.

[AnderMocs]

This is relevant to my interests. I want to open up an all-ages venue with a few other guys.

 

 

as someone who works at an all ages venue. don't. we're in a really good situation because we are part of a non-profit group so taxes are lessened and we can get grants and donations and such, and we are still on the cusp of out of business.

[H.R. Shove and Stuff]

How's Canada? I hear the weather is nice this time of year.

I'd imagine the weather in Canada is at it's worst this time of year?

I'd like to move to Canada though.

[AnderMocs]

I'd imagine the weather in Canada is at it's worst this time of year? I'd like to move to Canada though.

this. I can't imagine how bad the winters are up there this time of year that far north

[MakuseruSukotto]

Start building your credit now.

[Stratman Tigers]

as someone who works at an all ages venue. don't. we're in a really good situation because we are part of a non-profit group so taxes are lessened and we can get grants and donations and such, and we are still on the cusp of out of business.

We might have an investor helping us so it'd make it easier

We'd also be a non-for profit group. One of the potential business partners even took a grant writing class.

[bennintexas]

not an expert or anything but id assume good credit, viable written business plan with expenses drawn out, potential clients etc, considerable amount of assets to lean against loan, {censored} like that

[DRGUN]

i live in halifax NS.

 

its cold and a little snowy 3-4 months of the year, otherwise great!

[Phil O'Keefe]

Say in a few years I wanted to open my own business, what should I do to start preparing?

 

A business plan. Written. Including a full analysis of the current market (or potential market), who your customers are / will be, who your competitors are and how you plan to differentiate yourself from them, overhead costs, etc. Heck, just go over to the Small Business Administration website and read everything they have about how to prep and write a proper business plan. No one (banks / SBA) is going to give you a start up loan / capital without a well researched and written business plan.

[mis5dis6gis7]

Thanks Phil (and other guys, but mostly Phil because he is better than yous).

1. Read up on SBA.

2. Build credit.

3. Make a business plan.

4. ?????

5. Profit.

[TomCTC]

this. I can't imagine how bad the winters are up there this time of year that far north

 

 

Its not bad at all. I love it.

 

Yet it's all I know.

[Parah Salin]

Thanks Phil (and other guys, but mostly Phil because he is better than yous). 1. Read up on SBA. 2. Build credit. 3. Make a business plan. 4. ????? 5. Profit.

 

 

Start the business plan now.

[mis5dis6gis7]

Start the business plan now.

 

 

I have some ideas flowing. I'm 18 so its not like its gong to happen for awhile. Its my backup for when Nirvana finds Yoko and Junon goes to the {censored}ter.