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How easy is it to start your own business after college?

How easy is it to start your own business after college? Topic: business planning processes
July 24, 2019 / By Joss
Question: I was planning on getting a Bachelor's degree in Small Business/Entrepreneurship with a minor in Psychology, and getting a certificate in Bed and Breakfast Management. Now I want to obviously own my own Bed and Breakfast. How easy would it be to pay for it? Like I know I'll have to get a business loan... So I'll have a business loan to pay off, on top of my student loan to pay off... How would I go about doing this? How easy would it be on my financially? Would owning a small Bed and Breakfast supply me with enough money to finance myself? Would I need an extra job? How quickly would I be able to start a Bed and Breakfast after I graduate college? Any info would be appreciate, thank you =) "Are you planning on buying the bed and breakfast? Owining the real estate yourself?" -Either or It doesn't matter. Starting out, I actually prefer to buy a bed and breakfast though. "why you wait 'til you get out of college?" Because I need a degree and I need knowledge on business. I can't do much of anything without a degree.
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Gerry Gerry | 4 days ago
You should probably start by establishing yourself as a business, open a business bank account, and start trying to get business credit (try American Express Open for Small Business). If you start that process now and be smart with your credit, I would imagine it would be easier to get started when you are ready. If you wait until after college to start this process, you may be discouraged by the amount of time you have to wait to get approved for a loan.
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Gerry Originally Answered: A person graduates from a college with a degree in business. He wants to start his own business.How?
It all depends on how much of his own money he has to put into it. If it's a brand new startup business, he'll be lucky to find a bank that will lend 50% (i.e match his investment dollar for dollar). If, however, it's an existing business with a proven track record he may be able to get by with as little as 10% of his own money by utilizing an SBA program. It may also help if he qualifies as a minority. Either way, he'll need a well written, realistic busniness plan to present to the bank. And if the bank won't help, there's always venture capital - but you're giving up more down the road in exchange for greater risk being assumed now.
Gerry Originally Answered: A person graduates from a college with a degree in business. He wants to start his own business.How?
The President made sparkling throughout the time of this technique that each and all the organisation’s stakeholder could be predicted to sacrifice, and that none might get carry of specific scientific care through involvement of the government. The ensuing contract is hard yet honest , and has garnered vast help from GM’s significant stakeholders: • Operational restructuring: GM is undertaking an important operational restructuring which will handle previous failures, dramatically advance its universal value shape, and permit the organisation to go in the direction of profitability despite if the automobile industry recovers slowly. as a effect of this restructuring, GM will decrease its breakeven component to a ten million annual automobile sales atmosphere. in the previous the restructuring, GM’s breakeven component became in far extra than sixteen million annual automobile sales. • The UAW has made important concessions on reimbursement and retiree well being care that, at the same time as puzzling, will help save jobs for energetic workers, pensions and well being look after retirees, and make GM extra aggressive. In very almost each appreciate, the concessions that the UAW agreed to are extra aggressive than what the Bush administration initially demanded in its own loan contract with GM. between different issues, the UAW’s latest VEBA – to which GM has a $20bn criminal accountability – gets replaced by making use of a clean VEBA as defined under.
Gerry Originally Answered: A person graduates from a college with a degree in business. He wants to start his own business.How?
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. Since a sapling business face different kind of financial problems, any ordinary loan cannot meet these requirements. For that reason, the borrower needs to find out such a solution that may help small business owners in meeting different requirements of their small businesses. Small business loans are one of those business loans that are specially tailored to meet requirements of a sapling business organization. These loans can meet each and every financial requirement of a going business and can help that business in growing with a faster pace. http://www.worldbestloans.com/businessloans.htm Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you. These small business loans are simple to get but for getting these loans, should have an approved business plan. This business plan must be working and should be approved from the national corporate body. For getting these loans, the borrower also need to estimate how much finance he or she will require for running his or her small business smoothly. Application for small business loans include purpose, amount and type of loan therefore, if you are looking for any such business loan, then evaluate these terms to get a suitable loan.

Delphine Delphine
it's easy to start a busines, challenging for it to be successful. many cities have small business development center...google and find out where the closet one to you is. take classes there... Are you planning on buying the bed and breakfast? Owining the real estate yourself?
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Delphine Originally Answered: How easy or feasible is it to start a medical billing business?
If you have a SCORE chapter in your area GO THERE!!! SCORE is an organization designed to help people start small businesses. In my town we have a Small Business Association as well, so look for something like that too. At these centers they have volumes of information about every kind of small (or large) businesses and you can find out what type of starting capital you will need, equipment, employees (if any), how to set billing rates, how to acquire clients and how many you will need, how to start and how to grow. They are a tremendous resource! Most importantly -- write a business plan!!! The folks at SCORE will help you with that as well. A business plan will help you learn more about the billing industry and force you to answer questions that you never thought to ask. No one should ever open any type of business without a business plan.
Delphine Originally Answered: How easy or feasible is it to start a medical billing business?
Work at home opportunities are quite popular. Today, there are approximately 15 million Americans who work partly or exclusively from home. This particularly include those who have trouble balancing work and family responsibilities, such as mothers who have to stay home in order to take care of younger children or a severely disabled family member. Starting up your own medical billing business is the perfect work at home opportunity. In fact, quite a number of professionals in the medical billing business industry are independent specialists working from home. It’s not that hard. Medical billing business does not need a lot of capital, although you might need certain specialized skills and training in order to gain clients. After all, doctors and healthcare providers are careful on whom they hire to act as their medical billers and coders. But just as opportunities for medical billing business are popular, the number of scams involving them also comes by the dozen. Medical billing business is the perfect set up for a scam. Thx Jane Mac

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