Looking To Start A Company But………………….?
Posted by China Sourcing CommentatorOct 27
looking to start a company X but don’t have the money needed to start it and i don’t want to take a big loan and even if i take out the loan it can not cover the company X. So can i start a company Y cin’ that the loan can start company Y, and company Y will make a profit from it service. So the question is can i use company Y as a cash source for company X while still paying back the loan
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why does it have to be 2 different companies?
you better have a business plan before starting anything
start one of the ideas on a part-time basis so you don’t need to borrow any money and just put any profits back into the business to expand – there is no guarantee any business will succeed and if you ever hope to get financing or investors, you MUST have a business plan that will convince people you know what you are doing and that your plan makes sense and is doable