On The Money
A step-by-step guide to raising money for your start-up
You want to start a business in college, but you're still buying the 10-for-$1 packages of Ramen noodles because you can't afford macaroni and cheese. You just maxed out your student Visa buying books for second semester, and your car needs a winter tune-up. How the hell are you going to finance your business? Let's not get ahead of ourselves . . . we should begin with the hardest question: Where do you start? We've put together a list of basic steps:
1. "First, there's the written business plan," says Roy Thomasson, CEO of Young America's Business Trust in Washington, DC, a promoter of entrepreneurial development programs for young people in Latin America, the Caribbean, the United States and other locales. "You have to have something concrete to sell or show."
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