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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 12-03-2007, 03:26 PM   #16 (permalink)
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We service computers, we are not selling anything. We fix and clean up computers basically. Like the geek squad, I just started my own business and I want to go against geek squad and become a big rival. Buying a corporation is to expensive and I dont have the money to do that. I can't get an SBA loan, I have already tried and I cant.
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Old 12-03-2007, 05:57 PM   #17 (permalink)
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Originally Posted by dtechm View Post
We service computers, we are not selling anything. We fix and clean up computers basically. Like the geek squad, I just started my own business and I want to go against geek squad and become a big rival. Buying a corporation is to expensive and I dont have the money to do that. I can't get an SBA loan, I have already tried and I cant.
You fix computers. You don't need any startup capital. All you need is to pick up the phone and get some customers. My friend does what you're doing and he didn't need any seed money. You can finance this thing by taking a job and putting away a g or two in savings. you certainly don't need any loans. I can't understand why you're so anxious to put liabilities on your balance sheet.
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Old 12-03-2007, 06:22 PM   #18 (permalink)
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If you do need startup capital, you can still get prepayments form customers.

Contact businesses and try to sell them on a long-term contract. Contact small businesses and for a set price (discounted) you will deliver X amount of service hours in the next year and respond to all troubleshooting calls within 12 hours and charge them X dollars upfront for the service. Kind of like a retainer fee.
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Old 12-03-2007, 07:53 PM   #19 (permalink)
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As always "slow down turbo". I agree with Akula, don't borrow money unless you absolutely need too. You may have ideas of grandeur and want to buy a van and all that, but start small, test your idea so that you have experience that you can use to impress investors later. If you put in six months of hard work getting started you may find that you can grow your company without having to take on liabilities or giving away partial ownership of your company.

If you have a business plan and are any where in the NE-US send it over, I'd love to take a look at it....
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