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hy you guys i was just gonning to start in the bussiness how munch money does it take to start in this line of work .
Great advice about no debt. However, in certain situations, carrying a small amount of debt is not harmful to a well thought out business plan. For example, if you have a "good" job now but wish to leave one day, go ahead and save some for the business and take a loan for the equip. That way you can go ahead and get started, but still have a reg. job to pay back the loan if need be. The plan would be to pay off equip. with whatever accounts you have the first year or so. Just a thought.topsites said:depends but as a rule, the more you have, the better.
In my case, I found 5k to be barely enough, recommend 10k and 20k would be awesome.
Advice: Don't get a loan - save it up.
This sounds like a great idea and I'm looking into this now... but do most people that do this work a night job or how do they find the time???High Humidity said:Great advice about no debt. However, in certain situations, carrying a small amount of debt is not harmful to a well thought out business plan. For example, if you have a "good" job now but wish to leave one day, go ahead and save some for the business and take a loan for the equip. That way you can go ahead and get started, but still have a reg. job to pay back the loan if need be. The plan would be to pay off equip. with whatever accounts you have the first year or so. Just a thought.![]()