It is to buy an established business. (open from 5 years) have been in the last 3 years with a pretax profit and loss account in the business and cash flow records.
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March 4th, 2010 at 9:46 pm
Fill out the loan application correctly.
March 4th, 2010 at 10:01 pm
Most definitely you’ll need a business plan and I would strongly recommend that you talk to a business counselor before you do anything especially spend money. I’d call the local office of SCORE (go to http://www.score.org and input your zip code to find the chapter nearest you), the advice is FREE.
The counselor at SCORE will most likely help you to write your business plan because it will force you to dig out all of the start up details and the costs of starting your small business and force you to also understand all of the aspects of this business including the customers you’ll concentrate on (your market ) and how you’ll go after them.
You’ll need to register the business with your state controller’s office and make sure that you have any city and county licenses if any are needed where you live. All of this will come out in a business plan.
Try this link :
http://www.ychange.com/small-business-consulting-articles.html and read some of the articles especially the ones about a business plan and starting a business.
Good Luck
May 20th, 2011 at 11:07 am
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove me from that service? Thank you!