I plan on using my veteran’s small business loan, but I’m completely lost. How much startup capital should I borrow to ensure I don’t go broke before it becomes profitable? Any and all input is welcome. Thank you.
Honestly depends on your area , how much inventory you’re trying to acquire, just so many variables. You also wanna be responsible when getting the loan too. Do you have all your ducks in a row? Marketing , employees etc .
Connect with your local Economic District. We went through a program through our areas. We were able to build a business & marketing plan that helped answer our capital questions. If we wanted a loan, we had the documents in place to be able to qualify for one.
You have a great idea and a notion on how to get there however there is some work to reduce the chance of it collapsing. Do the extra homework.
Thank you. That’s a great resource.
That’s a really great idea! Unfortunately, I don’t have any experience with this business model, so I can’t help you with a satisfying answer, but I’d love to contribute to your startup by helping you create a professional website for it, free of cost, of course. I know it’s not much, but I’d love to help out, even if it’s not such big a deal.
Wishing you all the best! I hope you are having an amazing day!
I have also been thinking about ways to make money to ensure my life recently. If you are interested, we can chat privately.