For American small and medium enterprises (SMEs), the European Union is one of the most lucrative markets, with more than 94,000 American small businesses currently contributing to more than $630 billion in U.S. – E.U. trade.
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses. Many budding entrepreneurs find the task daunting and don’t even know where to begin.
Here’s a simple yet practical guide on how to go about preparing to apply for a small business loan.
1. What criteria do banks look for in making small business loans?
Have you heard? There's a new one-stop-shop website that provides employers of all sizes information on how the Affordable Care Act may affect businesses and help them compete. The site includes a wizard tool that is tailored based on the size and location of your business. Go To: http://business.usa.gov/healthcare The site also provides employers to informational content on tax credits and other provisions of the law from the Small Business Administration, the Department of Health and Human Services (HHS), and the Treasury Department.
My feeling is that you should go “all in” if you’re going to become the owner of a franchise business someday.
There’s a lot to learn before you open for business. There’s a lot to do, too.
· You have to research the franchises that you’re looking at
· You have to figure out financing
· You have to draw up a business plan
· You have to hire a franchise attorney
· You have to set-up your business entity
· You may have to find a location
There’s also something else that I’d you to do.