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<blockquote data-quote="squeak9798" data-source="post: 547067" data-attributes="member: 555320">80% of new businesses fail within the first year, 80% of those still left fail the 2nd year, and 80% of those still left fail the third year.And you can&#039;t just go to the school and then get out and start a business.&nbsp; You are going to have to have some business knowledge as well as the funds to invest into the business.&nbsp; And getting a loan to start the business won&#039;t be as easy as just walking into a bank and getting a loan.&nbsp; You would either have to 1) get the loan in your name only (and have sufficient current income [i.e. a normal job] to pay the debt), or 2) Try to get a loan in the businesses name, which means you would need a Business plan, 3-5yr Budget, Estimates, Field Studies as to the feasibility of your business actually succeeding (supply/demand, average income, etc), etc etc etc.Read these:<a href="http://forum.elitecaraudio.com/showthread.php?threadid=98319" target="_blank">http://forum.elitecaraudio.com/showthread.php?threadid=98319</a><a href="http://forum.elitecaraudio.com/showthread.php?threadid=98368" target="_blank">http://forum.elitecaraudio.com/showthread.php?threadid=98368</a><a href="http://forum.elitecaraudio.com/showthread.php?threadid=98536" target="_blank">http://forum.elitecaraudio.com/showthread.php?threadid=98536</a>Yes, you need to sign up to view them, but they are a write-up by Steve Head (mulitple IASCA World Championships, and has built many more World Champion vehicles) about how his business, Audionutz, got up and running.&nbsp; Very, very, very good read for anyone serious about trying to start up a brick-n-mortar audio company</blockquote>

[QUOTE="squeak9798, post: 547067, member: 555320"] 80% of new businesses fail within the first year, 80% of those still left fail the 2nd year, and 80% of those still left fail the third year. And you can't just go to the school and then get out and start a business. You are going to have to have some business knowledge as well as the funds to invest into the business. And getting a loan to start the business won't be as easy as just walking into a bank and getting a loan. You would either have to 1) get the loan in your name only (and have sufficient current income [i.e. a normal job] to pay the debt), or 2) Try to get a loan in the businesses name, which means you would need a Business plan, 3-5yr Budget, Estimates, Field Studies as to the feasibility of your business actually succeeding (supply/demand, average income, etc), etc etc etc. Read these: [URL="http://forum.elitecaraudio.com/showthread.php?threadid=98319"]http://forum.elitecaraudio.com/showthread.php?threadid=98319[/URL] [URL="http://forum.elitecaraudio.com/showthread.php?threadid=98368"]http://forum.elitecaraudio.com/showthread.php?threadid=98368[/URL] [URL="http://forum.elitecaraudio.com/showthread.php?threadid=98536"]http://forum.elitecaraudio.com/showthread.php?threadid=98536[/URL] Yes, you need to sign up to view them, but they are a write-up by Steve Head (mulitple IASCA World Championships, and has built many more World Champion vehicles) about how his business, Audionutz, got up and running. Very, very, very good read for anyone [I]serious[/I] about trying to start up a brick-n-mortar audio company [/QUOTE]

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