Judy Said:

I need to write a business plan in order that my bank will loan me some money?

We Answered:

It seems your question has drawn every scam artist in the world! I don't know about Internet sites but there are several books at places like Barnes & Noble, Borders, and even Office Depot, that may be helpful. You should also talk to your local S.C.O.R.E. office. Your bank manager might be able to guide you, too. Probably the best way to do it is to ask someone who has already written a business plan and gotten a loan, how he/she did it.

Kelly Said:

My bank wants me to write a business proposal in order to get a loan. What are they looking for?

We Answered:

Well, it's a loan, not a gift. They want to get their money back, with interest.

If your business turns out to make no money, they won't get theirs.

So what they want is evidence ( as close to proof as you can manage) that you will make money, enough to pay all the bills including taxes, pay yourself, and then pay them back their loan.

Show them what all your costs will be; don't omit anything because leaving costs out just proves you don't know what you're doing. And then show them as much evidence as you can muster that the demand for your product is out there, at the price point you mean to establish, so that the gross profits cover all the costs.

Then they'll loan you the money. Otherwise, not.

Elsie Said:

child care business proposal?

We Answered:

Sample Business Plan http://www.sba.gov/teens/sample_business…

http://www.sba.gov/idc/groups/public/doc…
http://www.scribd.com/doc/40940/Business…
http://www.business-plans-sample.com/sit…


Starting a Child Day Care Business
A Web Guide http://www.libsci.sc.edu/BOB/class/clis7…

Raul Said:

Help me write a loan proposal for my chiropractic practice?

We Answered:

First of all, that's asking a lot from a place like this. Someone who's actually qualified to do something like that is either not likely to be lurking around here (though, look at me, I'm qualified, yet here I am); and even if they are, they're not likely to want to do something that involved for free.

I'd certainly be willing to take a look at it... and as long as I don't have to do TOO much work on it, I'll do it for free (I never used this place to drum-up business).

But -- and don't get mad at me for this -- is right now really the best time to be jumping-off this particular cliff? As it happens, I know a lot about chiropractic practice. It's a tough business to get started. If you don't already have a bunch of clients that you can take with you from whatever chiropractic practice at which you may already be working, then it will take a surprisingly long time to build things up enough to the point that you'll be able to crack your loan nut each month (much less keep the lights on, pay a receptionist, keep yourself insured, buy film and chemistry (if you're doing your own x-rays), etc., etc., etc.

Don't get me wrong: Chiropractic practices can be very successful and lucrative...

...although there IS the plight of Dr. Alan Harper on Two-and-a-Half Men [grin].

But, seriously, such practices take a while to build up; and clients can be fickle and unreliable. During a depressed economy like this, they're even less likely to spend money on adjustments.

I just wonder (and this is just me, wondering... no actual advice, here) if it might make more sense (if you haven't done it already) to just work for a practice somewhere and build-up a really loyal clientele that you can maybe take with you to a new practice; and which is so large that even if only half came with you, and then if only two-thirds of those actually STAYED with you, you'd still be able to pay all the bills and put a handsome living's worth of dollars into you pocket.

The Obama administration (and don't get me wrong, I VOTED for and still support Obama) is now making noises that the recession is over. They said that last summer, too. Even if this most recent declaration is correct, history shows us that employment rates tend not to recover for as long as two years AFTER the agreed-upon end of any large economic downturn. As long as people are having trouble staying employed, they're not going to be spending money on such things as adjustments.

And there's one more thing to think about regarding the economy and the future: This recession is, arguably, the worst since the Great Depression. If you've ever met (and talked at length with) anyone who was a young adult during the Great Depression, you'll find a number of beliefs common to them all as a result of having endured it, and they include such things as building-up and keeping a good personal cash reserve (savings), not borrowing, investing conservatively (if at all)... stuff like that. If history is any teacher (and George Santayana insists that it is), many more people that I think economists realize are going to emerge from THIS recession with similar notions. And the problem with that is that such notions usually mean conservative spending... which will mean that even after the employment figures have also recovered (some two years from now), the ecnomy's recovery could still be more of a slow and steady one, rather than a rapid and spiked one.

If that ends-up being the case, a new chiropractic practice with a small but growning clientele may still not be able to grow fast enough for its owner to crack that loan nut.

I dunno... borrowing to start-up a new chiropractic practice right now... hmmm... I dunno. It kinda' gives me the willies... but, who knows, maybe I'm wrong.

Good luck, in any case. You can contact me through this place if you'd like more help.

Hope that helps!


P.S. And be careful about shady "International" (or even domestic) loan companies whose shameless shills come into places like this and solicit good people like you. Opportunists are everywhere. Beware.



NOTE TO QUESTIONERS: Always, at some point, please select a best answer. The answerers, of course, shouldn't be doing this just for points; but it's still nice to earn them when it's appropriate. So please don't just leave it hanging, with no points awarded. At some point, when you think you've gotten all the answers you're going to get, please pick the best one and award points. Thanks!