FundRobot » Investment Banking » opening a business. ..........?

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Default opening a business. ..........

How does someone go about opening a business. .id really like to open a bakery. It would do really well in my area. I have tons of family that know how to bake including myself. Problem is money to start out. I know after a couple of months of being open id make plenty of money to pay the rent each month. Employees ect. But first starting out I wouldn't be able to afford $3000 a month.

NewEra50 is offline   Reply With Quote
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Default opening a business. ..........

Save....mortgage home....use credit cards....
Sounds crappy...but sometimes you get a brother or sisters college fund for their kid as a loan...parents retirement money.
Ask a friend.
This is tough since you'd need yo quit your job. Many times people leverage their personal income.

My dad owns a bunch of businesses....is a doctor. Started by sleeping on a mattress for two years...no box spring.....lived in a 30 k home...at the time...upper middle class homes were 90 k. Used his income to convert part of his home to a private practice......then bought more homes as rental properties....set rent equal to their mortgage.....secured the mortgage based on his income. Paid off...remortgage...revenue stream...ten years later. Then went into business.....his first one failed miserably....but he bought the property and it was a good investment property. Second one was okay...too small...was able to expand through another loan. Went from there.
Gamer125 is offline   Reply With Quote
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