Home Business & FinanceBusinessStarting A Business Subscribe to RSS
 

I Just Started A New Business. Any Advice?

I just started an auto detailing business. I am curious about the best way to get started. I need a truck and some basic equiptment, is it worth it to find a good business loan, or should i try to avoid it and try to save up money? Keeping in mind adding a loan payment as another bill to pay is very unattractive right now.

Answer Question

3 Answers - Sort by: Date | Rating

    You should save 20% of each monthly income and then you can invest it in your business rather than taking loan. It is called "Business-Oriented approach". If you'd do it. Taking loan is not recommended in your case. So don't do it at all.
    1 0

    Tausif 

    answered 2 years ago

      Have you gone through the legal processes? The right permits or licenses you would actually need? That is also important factors to keep mind when running your business. I was in the same position and through my research found this website  

      www.fbnusa.com/

      This website was very informative and very understable.
      1 0

      Sellers2 

      answered 2 years ago

        Count your expenses before counting the profit ^.^
        0 0

        Unix4k 

        answered 2 years ago

        Answer Question - Answers are editable for 5 min.

        If you do not Sign-in or Register your answers will be anonymous,

        your answers may also be checked before going online.

        More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store

        Blurtit International