1/7/13 1/7/13

Start-Up Funding, Part 1 - Five Ways to Minimize Start-Up Costs

How much does it cost to start a business? Steve offers five ideas that can help you minimize any start up funding. Use these ideas to find what works best for your strategy, helping make yours one of the most profitable small businesses possible. This video is the first of two videos to address start up funding. Start here to reduce start up costs as much as possible. Then - if necessary - review the second video to help you find sources of funding for your start up.

1/7/13 1/7/13

Start-Up Funding Part 2 - Six Sources of Start Up Funding

Discover six sources of funding for your start up business. While Steve encourages his clients to be very conservative about taking on business debt - "a borrower is a slave to the lender" - he recognizes that there are times when debt becomes a necessary source of start up funding. Watch Part 1 of this series to first minimize your start up costs before you use this video to help you evaluate which sources of funding are right for you and your start up business. Then proceed with caution and a plan for paying it back to ensure yours is one of the most profitable small businesses possible.

1/7/13 1/7/13

Is There Truly a Market for Your Proposed Product or Service?

Whether you are buying an existing business or starting a new business, take the time to test market your proposed product or service. Your customer is the one who ultimately decides whether your business succeeds or fails, so be sure that potential customers are willing to part with their hard-earned cash to vote in favor of your product or service. One of the advantages of buying an existing business is knowing that a market already exists, but it would be wise to investigate further so that you fully understand that market.