financing my start-up
In the this particularly business I would mostly ask for a loan or for family sponsorship to help with any larger finical needs.
This business doesn’t need a whole lot of knowledge to run, many teenagers do this job in the summer to because its an 15 to 20 dollars an hour to fix up someone yard. But when it comes to making it a business that it profitable you have to be able to work hard and smarter then others. It helps that I know quite a bit about the equipment and how to clean up a yard because of my experience of doing this type of work in high school which will help me in getting loans or family help.
When it comes to growing my business, I would suggest getting more people to join the work I do, by providing salaries, insurance, new equipment, or even franchising. To potential increase my profitability I would want to gain a decent reputation with my clients through the following 1 or 2 years to gain enough respect from the customers with the location I am at it would be very reasonable. I would want to keep my credit score high and by doing that I would recommend that we try to stay out of debt pay back what I can If I am given a loan or pay back what my family have given me. I think I would have to plan how to run the business on my own to figure out how much I can make in a year or 2 years before I can fully understand how long it will take to pay of the loan. For the personal guarantee of course I would sign because it would be my responsibility to make sure it gets paid off, not workers, and not may families responsibility because I am the one taking it out to use it for the business that I am running.
