1) Finish the business degree. IF your own business fails and you need to go work for someone, the degree means a lot. An unfinished degree often means your resume goes in the circular file.
2) Get married before going in to business together. It'll be a mess if the relationship fails and takes down the business.
3) Try the local bank. And if they so "no", ask what is missing. Equity? Experience? Holes in the plan?
4) For eons, the most common lender for start-ups is "First Bank of Mom and Dad." Would you give them a loan? If not, why not?
A few other tips- know who your clientele will be. Do they pay on time? And be willing to look out for them. A local guy that hauls for me will call with basis tips from time to time. "Hey, John, Milwaukee needs to fill a bean boat by next Friday. You can get an extra 15 cents." That tip just paid for nearly all his hauling. Be prompt. Be upfront. No BS.
I think if they get the big picture stuff figured out, the details will drop in pretty quick.
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Today's Featured Article - Bad Vibes - by Curtis Von Fange. One of the strangest ways to communicate with our tractor is to ask it how it feels. "Ask it how it feels," you say? Yup, ask it how it feels. Now, as with the other articles in this series one has to be able to hear what 'ole blue' is trying to say in response. The nice thing about our old iron friends is that they are usually quite consistent in their response, rather unlike some people I know who might change what they say due to the weather or other mitigating circumstances. But since t
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