How to start a business with limited funds
When starting a business, you've got to be realistic. It's unlikely you're going to generate the cash flow of a McDonalds restaurant when you're the only worker and and decide to start a burger shop in a light traffic area.
So, how do you start a business with limited funds. First, assess your strengths including the amount of time you will be able to devote to your new venture. Second, fill a need. Why be the tenth restaurant on the block to compete for customers when you can have a business which controls much more market share providing something different in the same spot. Third, reduce the investment into the business to what you absolutely need.
It very well may be necessary to start part time to get your business going before it goes full time but it does pay off.
I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more. We offer a free initial visit and look forward to serving your business needs.
Richard J. Garcia | 07/25/2012