Forbes estimates that there are nearly 28 million small businesses in the United States. With the unemployment rate still sitting at 6.3 percent, starting a small business is an attractive option for many people. If you’re thinking about starting your own business, here’s how you can do it.
Leverage Your Contacts
Billy Stade, founder of the Closet, a clothing store in Orange County, California, made deals with business contacts to arrange for product to sell when he was starting his business. Otherwise, he wouldn’t have been able to afford it on his own. In 2005, he made $6 million in sales and he has three locations in Orange County.
Don’t be afraid to approach people you know about helping you with your business. [Read more...]