Last night dh and I attended a free small business orientation held at our local chamber of commerce. There were several organizations who sponsor it - SCORE, Jacksonville Women's Business Center and quite a few more. There were probably 30 people aspiring or existing small business owners in attendance. The meeting was not 100% geared to what my plans are but it was still very helpful. The annoying part was all the talk about getting financing to start your business. They focused on writing a good business plan including financials so that the bank would want to loan the money. They mentioned the importance of having good personal credit and how banks (obviously) look at it when determining risk. The SBA guarentees a portion of the loan, blah, blah, blah. I will be starting my new business with a small amount of cash that we can divert to it.
And my business will need to be profitable pretty darn quickly. I will have to watch expenses like a hawk. If it doesn't add to the bottom line, then I will have to say no.
I am so very excited about starting! I have always wanted to do this and now I will.
What will I be doing? Stayed tuned. I'll make an announcement very soon. I'm ironing out the details of naming my business first.
I will be attending a group counseling session with my local SCORE office today. Right after that, I'm applying for a business (occupational) license. Today!