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E V E R Y

S M A L L

D I F F E R E N T

B U S I N E S S

I N D U S T R I E S O F

G O I N G

I S

A N D

D I F F E R E N T , S E C T O R S

A B O U T

A N D

H A V E

G E T T I N G

B U S I N E S S E S D I F F E R E N T

C R E D I T .

How to Finance A

B U S I N E S S

I N

W A Y S


Estimating Costs of Your Business 1Determine the one-time costs of

Calculate the recurring costs of your

your business. These are costs that

business. These are costs that you will have

will only occur at the very beginning

to pay over and over again, usually on a

of opening your business. These

weekly, bi-weekly, or monthly basis. These

include mileage (getting to a

include costs of utilities, insurance, wages,

location), market research,

etc. Recurring costs are generally larger

advertising, and training. You will

than one-time costs, and span a length of

also need to look up any fees which

10-30 years depending on your financing

will occur, such as a lawyer or

options. Calculate not only the total cost

consultant fee.

over the lifespan of your business, but also that on a yearly, and bi-yearly basis.


ASCERTAIN OR

WHETHER

COSTS

ARE

FIXED,

VARIABLE.Â

CREATE

A

DEVELOP

BALANCE A

CASH

SHEET.

FLOW

ANALYSIS.


Financing Your Business 1. Get a bank loan. 2. Place your home up as collateral. 3. Use your credit card. 4. Tap into your 401(k) plan. 5. Try loaning money from your friends and family. 6. Pledge your future earnings.

#7 KICKSTART

YOUR

BUSINESS.

#8 SECURE

AN

LOAN.

#9 SBA

ATTRACT

AN

ANGEL INVESTOR.


When it's time to finance a business

There can be substantial work involved to facilitate this step. Every small business is different, and businesses in different industries and sectors have different ways of going about getting credit. There are various costs which widely range over the span of particular sectors. However, for the core process of securing the financial assistance that a business owner needs for a start up, some basic guidelines and principles will help create effective programs and a solvent business model. Estimate the costs of doing business, find out what you need to borrow money, and then research your financing options.


Classic Funding Group Site P H O T O

A R T I C L E

S O U R C E :

S O U R C E :

https://www.wikihow.com/Finance-a-Business

How to Finance a Business  
How to Finance a Business  
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