How much money do you need to start a repossession business?

Answer 1

I hope someone can give you a good estimate. However, because you are starting a business, please read the following carefully. If you are going to start a business, take time to do it appropriately so you do not become one of the over 70% of businesses that fail. We need businesses out there, so get a good foundation that results in successful outcomes.

In one study that researched over 1000 failed businesses - and forgive me I can't remember which one - here were the major contributors found as to why businesses fail. * No written plan * Never sought help - no mentor or coach * Never took a business course. * Under capitalization In today's theater, there are so many recourses available to help prospective entrepreneurs. For example, there are organizations such as the Small Business Association (SBA), and the Senior Citizen Organization of Retired Executives (SCORE), that are there to help people get into business and stay in business. However, they never availed themselves of the opportunity. Now there are many other reasons why businesses fail to include, not enough start-up capital, product selection, logistics plus many internal and external driving forces too many to list here. Still, as I had mentioned before, "we need businesses out there!!" Best wishes!!