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| Jul 20, 2008 9:37 am |
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re: How do I get money for a new business? |
Marilyn Jenett
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My lay opinion is that these are the ways to obtain money for a new business:
1. An unsecured bank loan or business line of credit (I'm sure you would need to have good credit history)
2. An investor (who will take a percentage of your company's profits)
3. A relative who believes in you
4. An SBA loan (I believe if you are a minority it will help a lot)
5. Learn Universal laws and prosperity principles as I did and attract everything you need for your business. Since both of my businesses were service businesses, it did not require inventory. I used the laws to attract the clients which brought the income to grow my businesses. In your situation, if you require tangibles, then you could possibly partner with suppliers.
You mentioned that you are entering the fashion field. I would seek advice from those who are in that industry. I don't think a social networking site will have your answers, although anything is possible. But why not direct your inquiries to those who are already in the type of business you want. There is nothing better than good advice from those who walked the path before you.
Marilyn
Marilyn Jenett
Founder, Feel Free to Prosper Program
http://www.FeelFreetoProsper.com
http://prosper-network.ryze.comPrivate Reply to Marilyn Jenett (new win) |
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