Question
How do I get a business started?
I'm in the process of trying to start a small DJ company called "Sheba Rocks". Well, that's one of the names I'm looking at. And it will be a group of female DJ's in the Washington D.C., Northern VA area. But I want to open up a studio in the Northern VA area for recording and to house the business. What should I do? Where should I start? I don't know who to contact about a small business loan (much less if I even qualify with my low credit score and I don't know how to acquire the equipment and realestate I will need to get things going.
5 months ago - 3 answers
Best Answer
Chosen by Asker
You can get a lot of good information from the Small Business Administration. I recently discovered that they have on-line tutorials about small business management. I don't know if they still do it, but at one time I attended an Entraprenerial semimar that included lecture, handouts, and a workbook. We gathered in an Adult Education facility and had mock business startups. We would divide the classroom into teams. We would be assigned a type of business and how we would promote it; location, advertising, funding, ext. Along with that we studied the form for a business plan. If I remember correctly, it was a standard format that would be like a blueprint of projected profit and loss that you would take to a lending institution. Remember, the first two years will be the hardest; many small businesses run on a shoestring budget. The thing I remember most, is that you will need a " just in case ' account. If equipment breaks early on, that will be an unforseen expense that you will have to replace to stay in business, for example. I would also recommend surfing the net for other business tutorials that cover basic business topics. I am currently registered with a free accounting course that can be found at www.dwmbeancounter.com. There is a part of the course that explains types of business partnerships. Perhaps, you could piggyback on someone elses good credit is yours is lower, to get the initial start-up loan. Good luck, I wish you the best.
5 months ago
Asker's Rating: 
Other Answers
Its gonna be super hard to get a loan for a co. like that. You would be working off of other ppls dreams not a hard sell item. Due to a low credit score I don't think you will even qualify! When starting a co you need a quick turn around profit that bills can be paid with.
by robnrobn2000- 5 months ago
if i were you i would invest in something 100% profitable. like websites, you cam create huge website, maybe like yahoo.com if you have budget, or lesser than yahoo depend on the budget.., you will earn lots of money from the ads with 100% completely sure . if you look for partner, iam programmer and designer and maybe we can find sometihng to do together, if you are interested just email me, good luck
by programmer- 5 months ago