I am 20 yrs old. I barely have any credit, and I don’t have a job. But I will soon. Once I start saving my money, what steps do I have to take to start a small business. I want to start a line of hair and skin care that is 100% natural and organic. What do I do about marketing and funding and all of that?
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How do I start a small business?
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There are grants for women that run there own business, go to small business.org and there are classes that you can attend and you can set up appoint with an office that is in your area and they can help you or advise you of what the steps would be to build a soild foundation.
There are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.