![]() The easiest and fastest way to get funding is to have a partner putting in the personal money.A franchise has several advantages, including name/brand recognition and an existing, successful business model. Consider opening a franchise location, rather than starting a business from scratch.Contact a financial institution in your area, or read more about small business loan qualifications at. You may be eligible for a small business loan.Consult with an accountant or financial advisor to determine how much money you will need to secure. X Research source Some start-up dry cleaning businesses require as much as $500,000 in capital just to get the business off the ground. It's possible to start a dry cleaning business for under $2,000, X Research source but some high-end, industry-specific equipment can cost $40,000 or more. How much you will need will depend on where you intend to operate your business, as well as what kind of equipment you intend to use. Once you've set a budget and calculated your projected profits and losses, you'll need to secure funding to get your business off the ground. A business plan is the best way to show investors that you are serious.government agency focused on supporting small businesses Go to source This includes historical financial information if you've been in business before, as well as projected financial data (anticipated earnings, losses, etc.) for the next five years. After you or an accountant has analyzed the market you intend to enter, you will need to draft up a financial projection.This should include your business's current financial needs, projected financial requirements over a period of five years, how (specifically) you will use funding upon receipt of financial assistance, and strategic financial plans for the future. Draft up a funding request, if necessary.Develop a sales strategy that includes your proposed sales force and your projected sales activities. ![]() ![]() ![]() Lay out your proposed marketing strategy, including how you plan to enter the market, how you plan on growing your business, what your channels of distribution might be, and how you plan on marketing your business to customers.You should also incorporate a description of how your service works, and include any existing, pending, or predicted filings for copyrights or patents related to your business. Next, describe your service in great detail, including any factors that separate your business from existing dry cleaning businesses.This is a good place to begin your business plan, as it lays out your company's managerial structure, the professional qualifications for each member of your business, and your plans for maintaining ownership of the company. Start with organization and management.It will serve as a template for your business, and may be necessary to secure funding if you intend to take out a loan. This should be a formal declaration of your professional goals and your plans for attaining those goals. ![]()
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