Ways To Generate Start Up Money
Business By atasteofheaven Updated 9 Mar 2010 , 12:55am by loriemoms
i was wondering if anyone would be willing to share any ways to get money to start a business other than loans
Saving up is really the only other way. Budget part of your current income or get a second job and put all the money from it into a savings account.
...Or win the lottery
thanks for yall's replies. pretty much the same answers i been getting. i guess this determines who really wants to do this. thks again
pretty much what everyone else said. You either use your money (savings) or someone else's (loans .... from banks, from relatives, from partners/investors).
Loans, savings, rich relative, lottery. That's about it.
Pretty much!!!
I worked full time and did the cakes part time, and took every extra penny I had into building the cake business from the full time job. Bought equipment, smallwares, etc. Then I went part time job and full time bakery and took only money I made from the bakery and put it back into the bakery and then put extra money into savings. After two years of this, I had enough saved up to keep the bakery going during the dry times and had the equipment I needed, so quit part time job. It was hard, no sleep, but my companies credit rating is wonderful shape because I always did cash in, cash out, and was then able to get the bigger loan to buy a company van and a SBA loan. (banks aren't loaning money to food business, period.)
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