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Dear Heather:
There are many ways to start what you have in mind, without a lot of funds. In
fact, I recommend you do some "market testing" before you rush out
for your first small business loan.
Volunteering is the BEST way to get out and about. Be it for a local bake
sale, community event, your church, etc. Make your products and give them
away. Really! And, you can do it as you have the funds.
MANY companies fail because they haven't tested their products before they
jumped into production. Have you ever read about Debbie Fields and how Mrs.
Field's Cookies came about? She did exactly what I suggest for you -- she
baked and donated and shared her first treats before she ever went into
business baking them for every supermarket around.
Do some research, read up on how people found success (even how they found
failure) and make sure that you have tested your products before you use your
house as collateral on a loan. When you have accomplished these things, you
will not only have the knowledge to be successful in business, but you will
also have the following of folks who have tasted and want more of your
product! Best wishes,
About the PowerHomeBiz.com Guide:
Tammy Harrison is a successful
home-based working mom for over five years. She holds a degree from Mizzou in
Consumer Economics. Her business focuses on Marketing and Creativity for
Small Businesses as well as numerous other small
businesses. For more information, you may contact her at http://www.jdharrison.com
The opinions expressed in this column are those of the
author, not of PowerHomeBiz.com. Users should not treat the Guide's response as
legal, accounting, or professional advice as all answers are intended to be
general in nature. Such advice can only be properly given by qualified
professionals who are fully aware of a user's specific geographical areas or
circumstances, such as an attorney or accountant.
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