Small Business Startup

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If anyone has please tell me about your experience and what you did, thanks alot.

If you are a for-profit, you may be eligible for a loan. A non-profit, you may be eligible for a grant. Historically for-profit businesses are not considered for grants because of their ability to make money and repay loans. You should seek out local angels. These men and women not only provide finance but may also provide expert assistance.

I recommend that you go to your local SCORE or SBDC counselor. These men and women are experts in providing assistance with your small business.

If anyone has please tell me about your experience and what you did, thanks alot.

If you are a for-profit, you may be eligible for a loan. A non-profit, you may be eligible for a grant. Historically for-profit businesses are not considered for grants because of their ability to make money and repay loans. You should seek out local angels. These men and women not only provide finance but may also provide expert assistance.

I recommend that you go to your local SCORE or SBDC counselor. These men and women are experts in providing assistance with your small business.

I am starting an online service to match those in need of residential services with the contractors who actually do the work. The service is free for the homeowners in need of service, and the leads that go to the contractors are charged at 5-10 dollars per lead. The website consist of a form where the user enters personal information about their home and their project requirements. I do have an SSL certificate in place on my server to protect peoples’ personal information.

What legal documentation is necessary for a business like the one described above?

You will need to file with your state to collect sales tax on in-state sales and get a "doing business as" certificate. If you want to incorporate you will have to take care of that, but it is not necessary or important right now.

I am starting an online service to match those in need of residential services with the contractors who actually do the work. The service is free for the homeowners in need of service, and the leads that go to the contractors are charged at 5-10 dollars per lead. The website consist of a form where the user enters personal information about their home and their project requirements. I do have an SSL certificate in place on my server to protect peoples’ personal information.

What legal documentation is necessary for a business like the one described above?

You will need to file with your state to collect sales tax on in-state sales and get a "doing business as" certificate. If you want to incorporate you will have to take care of that, but it is not necessary or important right now.

If you had a business plan but little cash, how do you aquire enough cash for your business?

You should not start a business if you cannot pay cash for it.

If you business fails (and many of the new ones do) and you paid cash, you simply move on.

If you borrowed money, you are left with debt you have to pay - possibly for a long time to come.

Also, paying cash will prevent you from making many mistakes you will make if you borrow. It is plain psychology: we think before paying cash and do it much less (or do even not at all) when we borrow.

So, if you truly believe your business plan is sound, save what you can, get an extra job, save more, then and only then start it. As it develops, reinvest part of what you make into it to make it grow.

Good luck!

—
Larry
http://georgiaitsolutions.blogspot.com/

If you had a business plan but little cash, how do you aquire enough cash for your business?

You should not start a business if you cannot pay cash for it.

If you business fails (and many of the new ones do) and you paid cash, you simply move on.

If you borrowed money, you are left with debt you have to pay - possibly for a long time to come.

Also, paying cash will prevent you from making many mistakes you will make if you borrow. It is plain psychology: we think before paying cash and do it much less (or do even not at all) when we borrow.

So, if you truly believe your business plan is sound, save what you can, get an extra job, save more, then and only then start it. As it develops, reinvest part of what you make into it to make it grow.

Good luck!

—
Larry
http://georgiaitsolutions.blogspot.com/

I live in hangzhou, China. I have developed a novel website. The website is under internal testing. Now I am preparing for the next stage of my startup website. I need to promote it and run it. I want to find a co-founder(or a startup partner), a business mentor or an angel investor. Any of them is ok. The problem is, how can I find such a person(a startup partner, a business mentor or an angel investor)?

Well raising capital can be one of the critical issues in running a business.

The first stage is to create a details business plan, including costs and projected revenue.

Now if you are doing business in China then you will have to find a chinese business partner, this could just be a person in name only, or a real business partner.

Otherwise everything from that point will be the same.

Make a list of potential investors.

1. Venture capital companies
2. Possible client companies, ie, companies that would benefit from your business. Eg, an airline would benefit from a business that promotes Hangzhou tourism.
3. Companion businesses, companies that do something similar but not the same. Something that will mean you business enhances theres.
4. Friends and family.
5. Private investors. Hire a conference room, put adverts in the business press. You do a presentation and so on.

Generally though I think what you need to do is find a business person to work with. You don’t know how to do business, but you know your business. So find someone, maybe network in your local area or people you meet in ex-pat bars, and get them to come on board as the business manager.

I live in hangzhou, China. I have developed a novel website. The website is under internal testing. Now I am preparing for the next stage of my startup website. I need to promote it and run it. I want to find a co-founder(or a startup partner), a business mentor or an angel investor. Any of them is ok. The problem is, how can I find such a person(a startup partner, a business mentor or an angel investor)?

Well raising capital can be one of the critical issues in running a business.

The first stage is to create a details business plan, including costs and projected revenue.

Now if you are doing business in China then you will have to find a chinese business partner, this could just be a person in name only, or a real business partner.

Otherwise everything from that point will be the same.

Make a list of potential investors.

1. Venture capital companies
2. Possible client companies, ie, companies that would benefit from your business. Eg, an airline would benefit from a business that promotes Hangzhou tourism.
3. Companion businesses, companies that do something similar but not the same. Something that will mean you business enhances theres.
4. Friends and family.
5. Private investors. Hire a conference room, put adverts in the business press. You do a presentation and so on.

Generally though I think what you need to do is find a business person to work with. You don’t know how to do business, but you know your business. So find someone, maybe network in your local area or people you meet in ex-pat bars, and get them to come on board as the business manager.

This business would be based out of Indianapolis or Indy and would be predominately resale of my customers items. Items would include, electronics, event tickets, cell phones, games, clothes, cars, ect.

Tradex is my suggestion.

Good Luck