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Q: Is lack of experience a problem when starting a business?
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How can you get the 20K in personal capital funds to give you the ability to secure another 60K in startup business capital?

Starting the business is the hardest barrier to overcome in the entire business cycle. Lack of confidence, lack of experience, and lack of control are just some of the uncertainties that small business owner face prior to the deployment date. According to Dun & Bradstreet, the largest credit reporting agency, most businesses fail in the first 3 years. The primary reason is not any of the uncertainties listed above - it is the lack of funding. Most fail to properly fund the business. That issue has a deeper origin. Using savings or SBA loans business owners start a business but that alone is not enough. To stay afloat the small business owner must start out building strong business credit, or at least start out using the business credit established day one. So in this case, to answer your question, start out by searching on google or yahoo for "strong business credit" (just like that in quotes) to find out what professional service can help get started. Sincerely, Ilya Bodner Initial Underwriting Group London.


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