Maybe you can’t start your business right this very minute. Maybe you have some financial or timing issues to work out. Whatever the case may be, it is likely that you are ready to do something, even if it is only a very little, to get the ball rolling. Even if the time isn’t right or the finances are not ideal to actually hit the pavement, there are some things you can do right now to kick start your business for free or very little, give you a sense of accomplishment, and start the ball rolling in the right direction.
Write the Plan
Get started on a rough draft business plan. You will need to polish it up and maybe even get professional help with the final draft, but a rough draft can give you a sense of direction and something solid to hold and see that this will actually happen. Write the executive summary first. This is where you lay it all out. It will tell the story of your business. What it will be, who it will serve, and more. This is where you sell your business. You can even go a step further and start mapping out the startup budget. This is all part of the final written plan you will need when you start shopping for small business loans.
Evaluate Your Finances
This process will likely occur naturally as part of the budgeting process when writing the business plan. You need to know what you have to offer financially already, and what you are going to need. How is your credit? How much cash can you put up? Do you have a partner? How much will you need to borrow and what will that amount finance? Just jumping in and getting all of this stuff figured out can motivate you to either get your finances in order so that you can pursue this entrepreneurial dream, or show you that you can start now! Either way, figuring it all out will give you a sense of accomplishment toward the final goal.
Shop for Loans
Finding small business loans may be the first major hurdle you have to jump. From startup loans to commercial real estate finance, there are endless options. You have to first determine the products you need. Then, you must find lenders that offer those products and determine your eligibility for those products with each individual lender.
Finding small business loans can take a considerable amount of time, and time is money. Biz2Credit can save you both by matching you with lenders in our network of over 1,300 that fit your needs. We do the hard part for you so you can get down to the business of opening your own business faster. Visit Biz2Credit.com today to get started.