*Maybe* starting a new business

[Jana]

Not to add too much fuel to the fire here, but just about any small business consultant will tell you that starting a business with a friend is a horrible idea.
Agreed. 'Nuff said.

[sleepy2lazy]

If you plan on starting a small business, how will you fund the business? What sources? Small Business Loans? Getting loans are somewhat hard to do nowdays as well. I somewhat work in an SBA industry, so if you need a loan, i can get you in contact with some people.

IMO, a detailing business can be somewhat of a hard business here in MN unless your reputation is very good. Unless ..... your like that guy in the video, 5k a wash!

[tpunx99GSX]

One of my good buddies created a business with his friend, and guess what it was a detail shop as well. It was in Burnsville, MN. It was going fine, but then the friend started slacking off and tony found himself doing all of the work then closed the shop due to not enough business in the winter.
There are three main things that you need to think of:
1. Surviving the winter
2. Getting a business plan and pitching it to investors
3. Getting a list of Dealerships that would be willing to have you detail their cars.
Dealerships are the greatest resource you have, use them.

other then that i would say be sure to have a backup plan, because filing for bankruptcy at a young age is not a good way to start your life in the business world. There are two kinds of people in this world, Dreamers and Doers, which one are you? Dreamers think of all of these great ideas but have no plans of how to actually make it work, sure they try now and then but in the end its usually the same scenario. Doers make sure they plan very carefully for the long run, they make sure they can survive in the business and then the do it, go full boar and dont stop until they have reached the goal. ok my rant is over.

[Shane55113]

Thank you all for your opinions/experience, i value them all. In a business class I took in college i found out that allot of businesses now-a-days are partnerships instead of one person, tpunx99gsx you are right in what you said. Its not like i can just get a loan right now, even if i had a flawless business plan to present to a bank they wouldn't let me because i don't have a degree of any kind. I will do some more research and maybe i will maybe i wont, Gotta take chances in life don't ya?

[tpunx99GSX]

Gotta take chances in life don't ya?
Taking chances is fine, but not when its gonna make your life miserable. Believe me ive been there its not a fun road to go down.

[HiImBrian]

starting a business is unbelievably hard but its so worth it at the end if it sucseeds. ive always wanted to start a business. i would reccomend trying to work up slowly. like own a business before you start a new one. just get your feet wet first

[TalonTSI95]

you dont need a degree to get a business loan, if i was you, i would try and find a private investor instead of a bank. The investor is going to save you about 75 cents on the dollar compared to the bank. go to your local libary pick up a book on how to write a business plan and i'd say go for it man. i think people who want to create there own wealth and future is great. dont waist your time working for other people and making other people rich.

And in response to whomever it was about needing proper grammar. Some of the wealthest people i know can hardly spell, or write a paper. If you have the ability to talk with people and just have what it takes to deal with people you will do great. the business world is all about networking.

[NOT THE BLUE LAMPSHADE]

Not to add too much fuel to the fire here, but just about any small business consultant will tell you that starting a business with a friend is a horrible idea.Yea man, my dad went into business for remodeling homes with his then good buddy. Long story short, it failed it's first or just after it because my dad's "buddy" was stealing money and using it to pay off his $9,000 credit card debit, gave his mom $5000 for part of a new car, and he also funneled business into his business he already had goin and stole all of my dad's clients. And then my dad sued him into bankruptcy, he lost his house, and his car, and now at 52 lives with his mom. It takes HUGE trust to go in to business with someone who will have a huge control or access to money and shit, don't make it a freeride for your partner.

[JET]

I would really recommend starting it off as a side business. That is how I started mine. Use the money you get back (and some of your own) to buy the tools for the business. Mine took off pretty quickly and I could have went full time by now, but my full time job has also taken off. Building up your client base is really the way to go. Word of mouth advertising is key for a young business. It takes a lot of time, talent, money and determination to get it going though. In the long run it may be well worth it though. If the side business fails you aren't out as much as you would have been if you went at it full throttle. Walk before you run :D