Archive for: December 2006

If you don’t have the knowledge you will fail.  Guarantee.

In order to start a business and keep it going you have to know the different aspects of the business and have many different skills and know how or you need …

There are unique requirements when it come to hotels and motels.

Before you purchase it would be good to get a pre-approval in order to stop problems before they occur at closing or otherwise.  Collateral will be a significant factor since …

You can now apply for all kinds of financing on the internet.  You can start at your own bank’s website.  You can also search business loans and will find that there are many places offering help and/or financing. 

You can also …

A lender looks at a loan application.  The lender is checking Credit - have you paid past bills?  Can you afford to pay back the loan and if you can’t pay back the loan what are you using as collateral.

So …

In order to pay off your business loan you need customers to buy your product/service.

Make sure you have a niche market.  Take into consideration the age, gender, income level you are selling to, education and location.  Hobbies, interests, goals and …

The benefits of an online business are many.

You have very little start up costs, low overhead if you plan on running your business at home, you can sell or market to the whole world, you can have more financial freedom, …

If you are going to start your own business you need to be committed.  You have to believe that you can do this then make it happen.

This means one hundred percent commitment.  You have to work towards the final goal …

Each business plan is different due to obviously the type of business, product, service, location, etc. But, the plan outline is the same. You need to cover the explanation of your business and your strategy; the financial projections; the sources …

One mistake people make when working on their business plan is setting up unrealistic financial projections.  The person who you are approaching for a business loan will want a good financial picture of how the company will grow.

If the financial …

A franchise agreement is the legal document that covers all of the logistics of the franchisee and franchisor relationship. 

Franchise agreements will vary from industry to industry. 

What is included in a franchise agreement? As I said they vary, however, some of …