Business Information and Help

Lennin V asked:


Say this person has no experience at all with the business side only technical. Never went pass high school. His boss is retiring and want him to buy the company. What steps can he take to avoid the pitfalls common to a small business?

Only serious answers please………. This is important and I want to know what I might be getting myself into.
Thank you

MLRatyahoo asked:


-I’m 22 yrs old.

***Am I too young to be approved for a business loan?

-I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I’m keeping up with.

***If you can prove that you are paying your debts off and that they are only medical related—can you still be approved for a small business loan?

***What is the minimum amount they usually give for a small business loan? What is the usual amount?

***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I’d be able to pay the loan back.

Basically what I’m asking in all of this is:
Is applying for a small business loan very black and white, or does it all depend on if they trust that your business, specifically, will be successful enough to pay back the loan?

***********Also: Any tips?

Classy4LIFE asked:


I had some ideas but I wanted to get some input.
But Jobs that are for females? Not like mowing lawns or dog walking (I live in Florida and there are 1000 of those businesses) but real a business that’s not hard to start up?

Chris M asked:


I want to start a business by putting candy machines in different businesses. I was just wondering do I need some kind of business license to do this. Also if it’s any help I want to do this in Texas.

wooohoo12 asked:


I would like to start a business and am in need of some ideas for writing my business plan, then I will be looking for investors? I seen a business in Chesterfield, MO and it was called Petropolis. It was a “hotel” for small animals, cats and dogs mostly. I would like to open something similar to this. Also, what are some good ways of finding out if this would go over well in the area I am looking into? Can you send out a survey to the area asking specific questions? Any suggestions would be greatly appreciated!

debdozier asked:


I am doing research for an entrepreneurship class. I need to identify ideas and trends to start a successful business now and for the next few years. Any ideas or resources, statistics?

Abhilash K asked:


I am planning to start software development business in India but I don’t want to register my business as a company. I won’t be having a office set up to do business. The business will be done at home. To do such a business do I need to register my business as a company with the government?

scriptordux asked:


I need a business partner who is educated in the professional writing business. Preferably a female who is a visionary, creative and goal oriented. A male must likewise be honorably educated, loyal and intelligent in the professional writing field. I have successful goals and ideas. Having someone on my team with a mastermind quality would make for a very lucrative and successful contribution to the professional business writing industry. Specific details will be discussed upon those who contacts me with sincerity.

marc p asked:


I am purchasing a small business that has been in existence for 1 and a half years. I am using an SBA loan for the purchase.

Referring to the future, how do they determine what my business line of credit will be? My companies net profits are 160k. (After debt payment it is around 110k). Formulas are welcome!

Aaron K asked:


I was just wondering because I use to travel around many different cities selling insurance. I would actually target small business owners. A lot of them like to brag about how they got their own business without going to school. Does anyone know what percentage of business owners never got a degree?