Go Back To Search Results Question What is the smartest way to start a business? Loans, Banks, legalities...? I want to start a business. I would like a little help in other people thought pocesses if starting my own business: where to go, what site to check out, this loan etc. (thanks) By antwon Posted on 02/27/08 Total Answers 3 Answers- It is good that you have taken the first step ie, decided to do business! Thus eliminating several option like becomming an employee, actor, singer etc etc. Now you have to have your own brain-storming session first followed by your close friends and well-wishes and stakeholders/promoters. Please take a paper and pen and write which will give you clarity of thinking. Why business? Which business? Where? With what investment? How to get the total requirement of funds - source - from family, friends, Loans (Banks etc). How much you expect by way of return? Do you have previous experience? Then legalities - permissions- premeses-etc How much time you can invest? Do you want to manage by yourselves- What sort of organization reqwuired? How many people? Job descriptions - Wage structure etc With all this information prepare your intent document or a draft proposal and take it to a banker. Find satisfactory answers to all questions and prepare the ground. Obtain loan and complete all the formalities. START!...Reap profits by properly running it on professional lines. Answer by : SS G On Date 2008-02-27 11:49:55 Your local SCORE office and SBA office have counselors who can assist you for free. Before thinking about a loan you need to first apply for your business DBA, EIN etc. Answer by : Sharon F On Date 2008-02-27 12:18:34 Go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor. SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors. Answer by : Brutus On Date 2008-02-27 12:44:35   Go Back To Search Results