Making A Small Business Or Large Corporation Overtime

Many of us attending college at this time, attempting to gain an education, learning about business are likely aspiring owning a business in the future. Whether it’s a small business or large corporation overtime, it will likely have to start from the ground up. As start-ups, there are many obstacles new business owners may have to understand and overcome to have initial success. As a brand new start-up, with planning, I would like to acquire a small business loan through the government. Although difficult, with plenty of paperwork and the level of loan approvals declining, we would make that our first choice along with other assistance. It would be beneficial to start with an SBA along with starting a small account on places online, like Kickstarter, where families, friends and others who would like to assist you to raise money for your business. With that plan in place and with time, would allow us to come up with a business plan, determine the risks and the status of the industry, financial statements ect. To properly manage and keep oversight of these funds, an accountant and a lawyer would be hired to properly follow the financial guidance and protect the business from unnecessary lawsuits, penalties and bad financial decisions. Another way we can approach financing would be through e-loans, or loans done online for quick access, but not preferred to it s high interest rates. A good offer we received from Fundera Marketplace was up to $150,000 for three years at a 8.9%Show MoreRelatedThe Importance Of The American Dream1363 Words   |  6 Pagesif there are large corporations ruining it for the companies trying to reach such dream? The American dream consists of the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative. 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