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small business startup

Small business startup

How to Start a Massage Business

You ve probably met several people who are stressed out, burnt out, and just longing for a place where they can relax. This scenario opens lucrative business opportunities like a massage therapy business. Massage therapy also aids in the process of fast recovery from injuries and illnesses. In this kind of business, you should like working with people, enjoy caring for them, possess the ability of empathizing with the distressed.

Small business startup

How To Start A Restaurant

Starting a restaurant can be a rewarding but challenging endeavor. There are several steps to starting a restaurant business that will help make it a success. Having a little background in hospitality management and bookkeeping will also help when opening your own eatery.

Small business startup

How to Start A Power Tools Rental Business

As the economy struggles to rebound many companies, especially in the construction industry, are cutting back on new equipment purchases. This trend has actually created some new business opportunities for those who are interested in how to start a power tool rentals business.

Small business startup

How to Start A Handyman Business

For a handyman business startup you ll have to invest in some tools. At the onset, only get those which are absolutely necessary and then add on as your business expands. Some essential tools all handymen must have include a hammer, a level, gloves, goggles, screwdrivers, wrenches, adhesive tape, a measuring tape, a ladder, drills, a flashlight, and a breathing mask.

Small business startup

How to Buy a Franchise

If investing in an existing business does not suit you and starting your own line of enterprise also still does not sound good, then buying a franchise might just be your best option. Franchising has its own advantage and disadvantages, and it needs careful and thorough investigation before you raise the green flag. Ponder on the following guidelines if you plan to buy a franchise.

Small business startup



Three Popular Start-Up Financing Options

Thinking about starting a business? Recent studies and reports have shown that entrepreneurs are more optimistic than in recent years when it comes to the state of their businesses this year, and that’s great news! But always high on the list of concerns for starting a business – even in optimistic times – is financing. Here’s a roundup of some ways, aside from avenues such as SBA-backed loans, to finance your business.

According to expert Marco Carbajo, credit cards are a major source of financing for small business owners, with statistics even showing that more than 65% of small businesses using them on a frequent basis. It’s a popular approach, but you should be sure to do your research to determine if it’s the right one for you. Here are some tips from Entrepreneur.com to help:

  • Unless your business is incorporated – so if yours is a sole proprietorship, for instance – you are guarantor of all debts. So if your sales are slow and you fall behind on payments, you risk your personal credit rating and ability to borrow.
  • It varies by state, but your credit-card issuer might still require that shareholders with significant ownership guarantee the line of credit – even if your business is incorporated.
  • Potentially bringing on partners? Make sure your agreement states that they’ll accept personal guarantees on all existing business debt. You need to address this specifically because in many states, new partners aren’t automatically responsible for previous debts.
  • Read the fine print. Don’t accept an offer without checking into the details, understanding the terms of use and evaluating risks. Don’t hesitate to ask a professional for guidance.

Asking friends and family to borrow funds to help finance your business sounds like it could get awkward, but it doesn’t have to. Treat the process just as professionally as you would an engagement with a bank. If you done right, you can potentially gain quicker access to the cash you need and jump through fewer hoops – after all, your friends or family already know you. Read more about borrowing from friends and family in our article here, but think about these highlights as you consider this option:

  • Think carefully about who you’ll approach and make sure they understand the risks (and rewards) of getting involved. Keep in mind if your business doesn’t work out and you can’t repay your obligations, relationships could suffer.
  • Be realistic about how much money you need. Instead of asking for the maximum, consider what you need to get you to a certain point in your business plan. Once you show you can repay that initial investment, you’ll be in a better position to ask for more money if you need it.
  • Write it down. You might think a verbal agreement with your friend or relative is sufficient given the personal relationship, but this is business. Consider this advice from Entrepreneur.com: “Any time you take money into a business, the law is very explicit: You must have all agreements written down and documented. If you don’t, emotional and legal difficulties could result that end up in court. And if the loan isn’t documented, you may find yourself with no legal recourse.”
  • Communicate. Show your business progress and share updates along the way, even if it’s correcting mistakes you’ve made with your business strategy. Checking in and sharing information shows that you’re taking seriously the role others are playing in your venture and demonstrates professionalism.

Increasingly, crowdfunding is becoming a popular way for people to get startup financing for their businesses. You’ve probably heard of Kickstarter campaigns – that’s crowdfunding. It works through a collective cooperation of people who network and pool their money and resources together, usually online, to support efforts initiated by others. So it gathers multiple, smaller investments as opposed to a single source of funding. You can read more about the details here, but here are three other key considerations from Entrepreneur.com:

  • You should begin working on your crowdfunding campaign six months before you want to launch your project. When your campaign starts, you should’ve already made a significant effort in letting people know about it collecting email addresses so you can really hit the ground running when you open the gates for your campaign.
  • Set your funding goal as low as you can manage because some crowdfunding platforms, like Kickstarter, are “all or nothing.” For instance, if you set a goal of $1,000 and you meet it, then you get the money. If you raise only $500, you won’t get anything. Read the fine print about the platform you choose so you can be strategic about your funding request.
  • Don’t forget to award your donors. You’re asking people to take a risk on your business venture – there are no guarantees. So thank them and show your appreciation by offering your product or service at a discount when the time comes.

You can also learn more from our online Learning Center course, “Introduction to Crowdfunding for Entrepreneurs.”

Beyond a “traditional” track of securing a loan from a bank, there are quite a few avenues to consider for financing your business. And with passion, professionalism and planning, you’ll establish a good foundation for success down any of these paths.

About the Author:

Small business startup loans



20 Business Ideas with No Startup Cost

Business startup ideas

I want to start my own business but I don’t have money or business ideas. Today we find many young and dynamic people who are aspiring to start small business but face same issue.

Are you one of them? Are you feed up of doing job? Do you want to be boss of your own?

If yes you are at right place, In order to help you we are herewith low-cost, low risk 20 business ideas that require no money or little money.

20 Business Ideas with No Startup Costs:-

(1) Recruitment Firm: Starting recruitment firm is very good business idea and it does not require money. You can start this business from your home you just requires phone connection and few contacts.

(2) Online Website:- Starting small website is small but very good business idea This business contains huge potential. Today you can see many websites earning in lakhs and Crore.

(3) Freelancing:- You can start your own freelancer business anytime, this business does not require any money. You need to just post your expertise on open forum or freelancing website. Make sure to post all information like past experience, project to increase your prospective.

(4) Photographer:- If you are very good at clicking photos. You can turn your hobby in to business. You just need very good camera to start this business. You can earn money by providing professional photography services.

(5) Personal Tutor or Trainer: If you possess good skill in teaching, providing education or personal coaching is very good business idea. In this business you don’t require any money for investment and you will not face any recession in this business, because education is prime need today.

(6) Interior Designer:- Providing interior design services is good idea. Well this business requires special skill and creativity to be successful.

(7) Match Making or Wedding planner:- Mostly people hire match maker or wedding planner in marriages, so starting Match making or wedding planning business is wonderful idea. This business require small amount of investment.

(8) Real Estate Brokerage or Consultancy:- You can start your own real estate brokerage or consultancy business without money. What you need is few contacts with prospective buyers and sellers. If not, check online and print media for properties that are to be leased or to be sold also take help of classified website or local newspaper make database and start contacting.

(9) Insurance consultant or Agent:- Today many people seek advice for insurance. If you are planning to start part-time business, than working as insurance advisor or consultant is best idea to start with.

(10) Consulting business:- If you are expert in certain filed like personal finance, branding, management, marketing or advertising you can start your own consultancy firm.

(11) Content writing:- Creation of content is art and if you are master in it you can start your own content writing business.

(12) Security agency or detective agency:- Security and safety are major concern today, and people are ready to spend money for that. To start security agency for providing manpower or to start detective agency is another good business idea.

(13) Dance, Music or Drawing school:- If you are good at dance, music or drawing you can start your own dance, music or drawing class. If you are seeking some practice, initially you can join some course to upgrade your skills.

(14) Career counseling:- Millions of youngsters and their parents are confused about various career options. You can research about various career options and offer career counseling to them. Just share what you know do not promise the world to them.

(15) Fitness or Yoga Teacher:- If you are professionally trained you can act as fitness or yoga teacher.

(16) Baby Sitting and Cooking service:- If you are woman and want to start small business than you can opt for babysitting service or cooking service. This is hit idea in metro city as we find a lot of working woman in city and they often seek this type of services.

(17) Chocolate maker:- This is another idea for woman, as we know chocolate is loved all over world and if you learn to make it in different shape you have very good business on your hands.

(18) Tiffin Service:- If you are very good cook and love to serve tasty food than starting tiffin service is good idea.

(19) Event Manager:- You can act as event manager, if you are good coordinator and can manage multiple task at same time. Today many corporate and SME opt for Event manager for their programs.

(20) IT Support services:- Today IT is booming field and if you are expert in IT you can start your own business of providing IT support and services.

Readers let’s keep the list growing below. Leave a comment, with a good business idea that you’ve been thinking to start without money.



20 Business Ideas with No Startup Cost

Business startup ideas

I want to start my own business but I don’t have money or business ideas. Today we find many young and dynamic people who are aspiring to start small business but face same issue.

Are you one of them? Are you feed up of doing job? Do you want to be boss of your own?

If yes you are at right place, In order to help you we are herewith low-cost, low risk 20 business ideas that require no money or little money.

20 Business Ideas with No Startup Costs:-

(1) Recruitment Firm: Starting recruitment firm is very good business idea and it does not require money. You can start this business from your home you just requires phone connection and few contacts.

(2) Online Website:- Starting small website is small but very good business idea This business contains huge potential. Today you can see many websites earning in lakhs and Crore.

(3) Freelancing:- You can start your own freelancer business anytime, this business does not require any money. You need to just post your expertise on open forum or freelancing website. Make sure to post all information like past experience, project to increase your prospective.

(4) Photographer:- If you are very good at clicking photos. You can turn your hobby in to business. You just need very good camera to start this business. You can earn money by providing professional photography services.

(5) Personal Tutor or Trainer: If you possess good skill in teaching, providing education or personal coaching is very good business idea. In this business you don’t require any money for investment and you will not face any recession in this business, because education is prime need today.

(6) Interior Designer:- Providing interior design services is good idea. Well this business requires special skill and creativity to be successful.

(7) Match Making or Wedding planner:- Mostly people hire match maker or wedding planner in marriages, so starting Match making or wedding planning business is wonderful idea. This business require small amount of investment.

(8) Real Estate Brokerage or Consultancy:- You can start your own real estate brokerage or consultancy business without money. What you need is few contacts with prospective buyers and sellers. If not, check online and print media for properties that are to be leased or to be sold also take help of classified website or local newspaper make database and start contacting.

(9) Insurance consultant or Agent:- Today many people seek advice for insurance. If you are planning to start part-time business, than working as insurance advisor or consultant is best idea to start with.

(10) Consulting business:- If you are expert in certain filed like personal finance, branding, management, marketing or advertising you can start your own consultancy firm.

(11) Content writing:- Creation of content is art and if you are master in it you can start your own content writing business.

(12) Security agency or detective agency:- Security and safety are major concern today, and people are ready to spend money for that. To start security agency for providing manpower or to start detective agency is another good business idea.

(13) Dance, Music or Drawing school:- If you are good at dance, music or drawing you can start your own dance, music or drawing class. If you are seeking some practice, initially you can join some course to upgrade your skills.

(14) Career counseling:- Millions of youngsters and their parents are confused about various career options. You can research about various career options and offer career counseling to them. Just share what you know do not promise the world to them.

(15) Fitness or Yoga Teacher:- If you are professionally trained you can act as fitness or yoga teacher.

(16) Baby Sitting and Cooking service:- If you are woman and want to start small business than you can opt for babysitting service or cooking service. This is hit idea in metro city as we find a lot of working woman in city and they often seek this type of services.

(17) Chocolate maker:- This is another idea for woman, as we know chocolate is loved all over world and if you learn to make it in different shape you have very good business on your hands.

(18) Tiffin Service:- If you are very good cook and love to serve tasty food than starting tiffin service is good idea.

(19) Event Manager:- You can act as event manager, if you are good coordinator and can manage multiple task at same time. Today many corporate and SME opt for Event manager for their programs.

(20) IT Support services:- Today IT is booming field and if you are expert in IT you can start your own business of providing IT support and services.

Readers let’s keep the list growing below. Leave a comment, with a good business idea that you’ve been thinking to start without money.



7 Small Business Loan Myths Busted

You may be intimidated by the idea of obtaining a small-business loan. In fact, you may have heard that it s nearly impossible to get approved for one. But you shouldn t believe everything you hear.

Business News Daily spoke with finance experts to debunk seven common myths about getting a business loan.

Myth No. 1: Getting a small business loan is the hardest thing you ll ever have to do.

Obtaining a loan for your small business is no easy feat, but it doesn t have to be an insurmountable challenge. Small business lending experts agree that the best way to avoid trouble is to prepare for the challenges that the application process may present.

A lot of the frustration around obtaining small business financing can be eased by doing your due diligence, said Michael Adam, founder and CEO of Bankmybiz, a site that connects business owners with business funders. Be prepared, and have all your documents ready to present to lenders. [See Related Story: Small Business Financing Trends: What You Need to Know]

Myth No. 2: You have to have perfect credit to get a small business loan.

Although low credit scores might have precluded you from getting a loan in years past, today s lending environment is more open to subpar credit ratings.

While traditional banks may be restrictive when it comes to obtaining credit, there are alternative options, said Michael Kevitch, president and founder of Small Business Funding.

Alternative lending sites such as Small Business Funding tend to base lending decisions on the financial realities of a business rather than the financial history of business owners. Specifically, Kevitch said, alternative lenders take a close look at business performance, industry type, time in business and cash flow before handing out a loan.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Myth No. 3: The best way to obtain a loan for your business is through a bank.

Traditional lending institutions have been a mainstay of small business funding for many decades, and still are in some industries. But they are not the only sources of financing.

For business owners looking to borrow a relatively small sum (between $5,000 and $250,000), getting a bank loan is likely to be more trouble than it s worth, Kevitch said. However, he noted that bank loans may still be appropriate for business owners who need to borrow a large amount of cash, over a long period, and still get a low interest rate. Kevitch advised business owners to make sure they fall under those categories before applying through a bank.

Kevitch noted that alternative lending sources often provide faster approvals; sometimes, businesses can obtain access to the funds in as little as seven days, he said.

Myth No. 4: The worst way to obtain a loan for your business is through a bank.

Bank loans may not be the best option for every small business, but they re far from the worst funding option out there. In fact, for established businesses looking to grow at a moderate rate, traditional bank funding is generally a great option, Adam said. It s when a business doesn t fit those criteria that business owners should consider shopping around.

If you are a younger company, pre-revenue or low revenue but plan to grow very quickly due to the industry that you re in (e.g., health care, IT or software consulting) then a traditional bank loan may actually limit your growth, Adam said.

To decide whether a bank loan is right for your business, research both traditional loans and alternative funding sources. It s also important to know your business inside and out.

If you anticipate steady growth over the next few years, then a traditional bank may be best, Adam said. If you are growing like crazy and you know you will need to keep increasing your loan size by large increments each quarter, then entertain a nonbank lending partner, as banks may not be able to keep up with your needs.

Myth No. 5: The more money you ask for, the less likely you are to be approved for a small business loan.

You may find this myth floating around online forums and perhaps even hear it from well-meaning friends and family members. It s all right to ask for money, nonexperts will tell you; just don t ask for too much. While this might be reasonable advice in personal circumstances, there s not much truth to it in the business world.

According to Jess Harris, content and social manager of business lender Kabbage, a working paper from Harvard Business School revealed that banks actually prefer lending larger amounts because they make more profit from large loans in the long run. In turn, banks are cutting back on smaller loans.

Evan Singer, general manager at online Small Business Administration loan program SmartBiz Loans, said a business should apply for the amount it needs no more and no less. He recommends considering both how much money you really need to grow your business, and how much money you can afford to pay back every month.

Make sure that you have cash flow to make your loan payments, Singer said. That s the biggest thing that a [lender] is going to check that [the business owner] can actually afford to make their loan payments.

Myth No. 6: The most important thing you need in order to obtain a small business loan is a good business plan.

There are multiple perspectives on whether a traditional business plan still has a place in the loan application process. Some funding experts believe that the method of using a business plan to measure the likely success and fundability of a business is a bit outdated. Singer said that although traditional banks might still require business plans during the loan application process, online lenders typically don t look for it.

And although Adam agrees that most lenders won t require a full-fledged business plan, he does think that having a plan at the ready is always a good idea.

Every business should have some sort of business plan, Adam said. It s just a good practice to anticipate growth, set milestones and keep yourself accountable. If you don t have one, create one. You ll be glad you did in the long run.

Myth No. 7: The most important factor to look at is the interest rate.

Although interest rates are an important aspect to consider when choosing a lender, there are many other factors to keep in mind. Harris suggested asking how much it will cost, what the terms of the loan are, how soon you need to repay the money, and what you can use the loan for.

Ready to choose a loan? Visit Business News Daily s list of the best alternative small business loans.

Additional reporting by Elizabeth Peterson. Some source interviews were conducted for a previous version of this article.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:



7 Small Business Loan Myths Busted

You may be intimidated by the idea of obtaining a small-business loan. In fact, you may have heard that it s nearly impossible to get approved for one. But you shouldn t believe everything you hear.

Business News Daily spoke with finance experts to debunk seven common myths about getting a business loan.

Myth No. 1: Getting a small business loan is the hardest thing you ll ever have to do.

Obtaining a loan for your small business is no easy feat, but it doesn t have to be an insurmountable challenge. Small business lending experts agree that the best way to avoid trouble is to prepare for the challenges that the application process may present.

A lot of the frustration around obtaining small business financing can be eased by doing your due diligence, said Michael Adam, founder and CEO of Bankmybiz, a site that connects business owners with business funders. Be prepared, and have all your documents ready to present to lenders. [See Related Story: Small Business Financing Trends: What You Need to Know]

Myth No. 2: You have to have perfect credit to get a small business loan.

Although low credit scores might have precluded you from getting a loan in years past, today s lending environment is more open to subpar credit ratings.

While traditional banks may be restrictive when it comes to obtaining credit, there are alternative options, said Michael Kevitch, president and founder of Small Business Funding.

Alternative lending sites such as Small Business Funding tend to base lending decisions on the financial realities of a business rather than the financial history of business owners. Specifically, Kevitch said, alternative lenders take a close look at business performance, industry type, time in business and cash flow before handing out a loan.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Myth No. 3: The best way to obtain a loan for your business is through a bank.

Traditional lending institutions have been a mainstay of small business funding for many decades, and still are in some industries. But they are not the only sources of financing.

For business owners looking to borrow a relatively small sum (between $5,000 and $250,000), getting a bank loan is likely to be more trouble than it s worth, Kevitch said. However, he noted that bank loans may still be appropriate for business owners who need to borrow a large amount of cash, over a long period, and still get a low interest rate. Kevitch advised business owners to make sure they fall under those categories before applying through a bank.

Kevitch noted that alternative lending sources often provide faster approvals; sometimes, businesses can obtain access to the funds in as little as seven days, he said.

Myth No. 4: The worst way to obtain a loan for your business is through a bank.

Bank loans may not be the best option for every small business, but they re far from the worst funding option out there. In fact, for established businesses looking to grow at a moderate rate, traditional bank funding is generally a great option, Adam said. It s when a business doesn t fit those criteria that business owners should consider shopping around.

If you are a younger company, pre-revenue or low revenue but plan to grow very quickly due to the industry that you re in (e.g., health care, IT or software consulting) then a traditional bank loan may actually limit your growth, Adam said.

To decide whether a bank loan is right for your business, research both traditional loans and alternative funding sources. It s also important to know your business inside and out.

If you anticipate steady growth over the next few years, then a traditional bank may be best, Adam said. If you are growing like crazy and you know you will need to keep increasing your loan size by large increments each quarter, then entertain a nonbank lending partner, as banks may not be able to keep up with your needs.

Myth No. 5: The more money you ask for, the less likely you are to be approved for a small business loan.

You may find this myth floating around online forums and perhaps even hear it from well-meaning friends and family members. It s all right to ask for money, nonexperts will tell you; just don t ask for too much. While this might be reasonable advice in personal circumstances, there s not much truth to it in the business world.

According to Jess Harris, content and social manager of business lender Kabbage, a working paper from Harvard Business School revealed that banks actually prefer lending larger amounts because they make more profit from large loans in the long run. In turn, banks are cutting back on smaller loans.

Evan Singer, general manager at online Small Business Administration loan program SmartBiz Loans, said a business should apply for the amount it needs no more and no less. He recommends considering both how much money you really need to grow your business, and how much money you can afford to pay back every month.

Make sure that you have cash flow to make your loan payments, Singer said. That s the biggest thing that a [lender] is going to check that [the business owner] can actually afford to make their loan payments.

Myth No. 6: The most important thing you need in order to obtain a small business loan is a good business plan.

There are multiple perspectives on whether a traditional business plan still has a place in the loan application process. Some funding experts believe that the method of using a business plan to measure the likely success and fundability of a business is a bit outdated. Singer said that although traditional banks might still require business plans during the loan application process, online lenders typically don t look for it.

And although Adam agrees that most lenders won t require a full-fledged business plan, he does think that having a plan at the ready is always a good idea.

Every business should have some sort of business plan, Adam said. It s just a good practice to anticipate growth, set milestones and keep yourself accountable. If you don t have one, create one. You ll be glad you did in the long run.

Myth No. 7: The most important factor to look at is the interest rate.

Although interest rates are an important aspect to consider when choosing a lender, there are many other factors to keep in mind. Harris suggested asking how much it will cost, what the terms of the loan are, how soon you need to repay the money, and what you can use the loan for.

Ready to choose a loan? Visit Business News Daily s list of the best alternative small business loans.

Additional reporting by Elizabeth Peterson. Some source interviews were conducted for a previous version of this article.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:



Small business startup

Small business startup

Section 1202 is a section of the Internal Revenue Code which provides an exclusion (sometimes in whole and sometimes in part) for gain in certain small business stock sales by taxpayers other than corporations.

For qualified small business stock acquired between September 27, 2010, and until the end of 2013 (thanks to the fiscal cliff bill!), the exclusion is 100%, and that includes an exclusion from the alternative minimum tax. There is an overall cap on this exclusion, but it is significant in general it is the greater of $10M or 10x the adjusted basis of the taxpayer s stock.

With limited exceptions and subject to compliance with certain reporting requirements imposed by the Internal Revenue Service, QSB stock means any stock acquired on original issuance by the taxpayer from a domestic C corporation after August 10, 1993 that meets the following requirements:

  • the aggregate gross assets of the corporation must not have exceeded $50 million at the time of and immediately after the issuance of the stock; and
  • at least 80% of the assets, by value, of the corporation must have been used in an active conduct of one or more “qualified trade or businesses.”

Can founders qualify?

Yes, founders stock can qualify for the Section 1202 qualified small business stock benefit.

Can you form as an S corporation and still have your founders stock qualify?

No, you have to form as a C corporation in order for the stock to potentially qualify for the 1202 exclusion.

What is a qualified trade or business?

A qualified trade or business generally means any trade or business other than:

  • any trade or business involving the performance of a services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of 1 or more of its employees
  • any banking, insurance, financing, leasing, investing, or similar business
  • any farming business (including the business of raising or harvesting trees),
  • any business involving the production or extraction of products of a character with respect to which a deduction is allowable under section 613 or 613A
  • any business of operating a hotel, motel, restaurant, or similar business

Are there other requirements?

The investment has to be in qualified small business stock, and the stock has to be held for 5 years. There are numerous rules that apply in order to qualify for this benefit. You should consult with a tax advisor to assure that you qualify for the benefit.



small business startup

Small business startup

How to Start a Massage Business

You ve probably met several people who are stressed out, burnt out, and just longing for a place where they can relax. This scenario opens lucrative business opportunities like a massage therapy business. Massage therapy also aids in the process of fast recovery from injuries and illnesses. In this kind of business, you should like working with people, enjoy caring for them, possess the ability of empathizing with the distressed.

Small business startup

How To Start A Restaurant

Starting a restaurant can be a rewarding but challenging endeavor. There are several steps to starting a restaurant business that will help make it a success. Having a little background in hospitality management and bookkeeping will also help when opening your own eatery.

Small business startup

How to Start A Power Tools Rental Business

As the economy struggles to rebound many companies, especially in the construction industry, are cutting back on new equipment purchases. This trend has actually created some new business opportunities for those who are interested in how to start a power tool rentals business.

Small business startup

How to Start A Handyman Business

For a handyman business startup you ll have to invest in some tools. At the onset, only get those which are absolutely necessary and then add on as your business expands. Some essential tools all handymen must have include a hammer, a level, gloves, goggles, screwdrivers, wrenches, adhesive tape, a measuring tape, a ladder, drills, a flashlight, and a breathing mask.

Small business startup

How to Buy a Franchise

If investing in an existing business does not suit you and starting your own line of enterprise also still does not sound good, then buying a franchise might just be your best option. Franchising has its own advantage and disadvantages, and it needs careful and thorough investigation before you raise the green flag. Ponder on the following guidelines if you plan to buy a franchise.

Small business startup



Startup Business Loans

Startup Business Loans

Finding the money to finance a startup is one of the toughest tasks a new business owner can face. While you might have an extraordinary idea for a business, and even a solid business plan, you may not qualify for a traditional loan. Many financial institutions generally don’t lend money to businesses without an abundant credit history, a proven track record of at least two or three years, and/or an owner’s equity stake in the business.

Why are startup business loans so hard to come by? For one thing, lending money to startups is considered riskier than to established businesses because without evidence of a company’s ability to succeed, there’s a smaller chance the business will be able to repay the loan. However, Accion can help fund your startup business.

Odilon Celestin, founder of C M Bakery, came to Accion for a loan. He says, “When I started creating my business in 2004, I had no money and no credit. Accion helped with a loan to launch the bakery. It was the best thing I could imagine. They helped me with business development and strategies, too. Now I have 16 employees and my own line of jellies and sauces, which I distribute in other markets as well. And my bakery seats 100 people.”

Part of Accion’s mission is to help small business owners acquire the financing they need to reach for their dreams. When Accion lends capital to your business, you will also gain access to advice and support as you get your business off the ground. We’ll even help you get “loan ready” if you aren’t already. Accion provides the type of relationship and level of service that you just won’t find with other online lenders.

Accion can help you with funding for:
  • Purchasing inventory
  • Buying or leasing equipment
  • Professional expenses
  • Hiring employees
  • Financing any of the many expenses involved with being an entrepreneur

If you’re in need of financing to start your business, contact us or apply online through the button above.