Are You Ready to Be Your Own Boss?
By author Carol Denbow
5.5 x 8.5, 144 page soft cover
Just over 32 percent of new business owners need less than $5,000 to start or acquire their business. Amazingly enough, 25 percent of business owners need no dollar amount to start up.
When starting out, you want to make absolutely sure you are not jeopardizing the welfare of your family to take this risk. Everyone I know in my business that failed, did so because they weren’t financially secure enough, they weren’t capitalized enough to enter into their business, and the dept ended up overwhelming them. Even if you’re doing an SBA (small business administration) loan, typically they want that loan secured to your house and you run the risk of losing your home.
If you have a business idea, you need to keep it in proportion to the amount of money you have to pursue it. Instead of building a $400,000 franchise store, you might need to look at buying a $15,000 coffee cart that you can drive around to local events. There’s always a way to work out your idea without exceeding your means.
Ask for this book at your local bookseller or go to Amazon.com to read more inside this book!
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