How long have you been sitting on a great idea? Don’t wait any longer. Now is the best time to start your dream business. There are plenty of government, bank, and alternative sources of funding that make starting a company easier than ever. The following are a few pointers for entrepreneurs seeking to start their own company.
Take a Step. One of the hardest things about starting a business is actually taking the first steps to start the process. So just do something. Start with a task that you like and can do quickly. Even if it’s the most asinine task, you’ll feel better as you complete it. This will give you the courage to move on.
Keep it Simple. Focus on the heart of your products or services. For example, if you are opening a taco stand, you can worry about the salsas, containers, and lettuce. But your number one priority should really be the taco, the meat and shells in particular. Figure out what types of meats you want to offer, how to cook them, and how to cook your shells etc.
Be Smart and Recycle. Don’t waste your energy on starting from scratch when you don’t have to. It is generally cheaper to rent or borrow equipment or services to help with your business, than it is to buy or build equipment. For example, why not use a website service to build the company site instead of doing it yourself?
Spread the Word. Let everyone know the business has started. These are potentially your first customers, and they often come up with ideas. Plus they can be the best source of advertising for your company.
Merchant Cash Advances. A popular alternative lending option is a merchant cash advance. This is a quick way to acquire much needed cash to start your business. Traditional loans can take weeks or months to receive and come with a lot of strings attached. Merchant cash advances are not technically loans; they are based on sales that take a portion of future credit card sales. This guarantees that lenders get paid each month, no matter how slow sales may be.
FAM Cash Advance
If you have a dream, don’t wait. FAM is a business cash advance provider that negotiates with businesses based on the percentage of their sales to be purchased and for what discounted cost. FAM offers business cash advances based on performance and not credit. In only 72 hours your business can be funded without putting your collateral or credit on the line.