Small Business Today Magazine MAR 2016 AMERICAN SERVICES - Page 26
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Your Next Step
The 7 Stages of the New Buying Cycle
»Continued From Page 12
Funding a Small Business without Credit Card
Here are some quick tips for getting your
off the ground with less debt:
Trim your budget and keep it lean
in the early stages.
• Although you might be tempted
to focus 100% on the new business, you must maintain another
source of income, whether from
a part-time or full-time job, if you
wish to qualify for a business loan.
• Look for opportunities to barter
with friends, family, or colleagues.
Offer your business services to
someone who could help you
with social media or other marketing items, for example.
• If the numbers aren’t working,
look at household income, expenses, your credit situation, and
cash flow to see if you can find another path to making your startup
dream come true.
Margot S. Fuentes is a business advisor for LiftFund, a nonprofit financial and business support service organization
that helps entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and
contribute to the economic revitalization of their communities. Established in 1994 in San Antonio, Texas, LiftFund has
the nation’s largest microlender portfolio and is committed to
providing capital to entrepreneurs who do not have access to
loans from commercial sources. Since its inception, LiftFund
has made over 17,000 loans totaling more than $200 million. For more information, visit them on the web at www.
LiftFund.com or call them at 1-888-215-2373
Here’s the silver lining for you sellers - If you invest the time to educate the buyers with new ideas and perspectives, collaborate honestly with them, and help them discover the superior value your
product delivers, not only will you win the deal today but you will
have built a long-term, mutually beneficial, prosperous relationship
for the future.
Jack Warkenthien, CEO, NextStep Solutions, can be contacted by email at [email protected] or call him at 832-344-6998. You can also visit his website at www.nextstep-solutions.com.
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