How do you go about starting your own small business?

How do you go about starting your own small business?

• My Mom and I want to start a cake decorating business. She is self-taught and has been decorating cakes for almost 30 years for friends and acquaintances. She has business cards out ...show more

• Answer:

  Well first off I would like to say you should absolutely do this. And of course you should be smart on approach things, but when people approach things, it will always work out. While approaching to obtain a loan, I know companies will want to see that you are truly a real company, they will ask for proof. Usually opening an ad or such in the newspaper is the trick. They will ask for additional paperwork, which im not too knowledgable on. I will say go to a bank to get started. They are all ready to hand out a loan. Try and make sure the loan doesn't have fees, and also a fee in which if you turn to another bank to get a lower interest rate, they can charge you anywhere from a $1000-$10000. You will obtain a loan, the hard part is obtaining the right one. I would suggest you not to quit your normal job right now, but if you have sick days or vacation days, i can suggest you to use em in a bundle. So you can get your new business anchored. It is all about advertising in the right areas. If you're just starting out, I would say put your name in a mailer, so they send it out to thousands in the neighborhood. Put your name also in the neighborhood newspaper. People want to see if you're a clean and fun company, and once they realize this, they will come regularly to obtain cakes. Like i said before, be smart while approaching this. Starting a new business is not the easiest thing, and it takes time, and a bit of luck as well. But if you need in any help, i would be willing to help you out. I would be willing to build you a quality website for free, you would just have to pay for the hosting fees which are less than $50. my email: [email protected] good luck