Debt financing involves borrowing capital that must then be paid back over a set period of time, most commonly with interest. Typically the core benefit of this arrangement is that you, the business owner, maintains complete control over your business. Your only ongoing obligation is to repay the loan with interest. The downside? Fail to keep up those repayments and the loan — often secured against your assets, savings or property — can put you in very dangerous financial waters.
It’s no accident that some of the best marketers in the tech startup industry are known as “growth hackers.” Think about your target demographic (e.g. students, local mothers, teenagers) and find any way you can to get the word out to them. Email mommy bloggers, hand out free samples at the local college, or write your website on all the napkins you hand out with your food. There is no substitute for action.
Unfortunately, the requirements across the country and across different industries are as varied as the bodies enforcing them. The only way to guarantee that your licenses and permits are all squared away is to seek out regulating authorities on the county, state, and federal level, as well as consult with the relevant industry-specific bodies for your business type.
I framed in a 4x8 Garden Shed on the back. I didn't want it so deep that stuff would get buried in it. I need to take an updated picture of the back. These pics were from early on and I have changed some things in the organization. I used similar framing techniques and built a lean to roof attached with metal hangers. I chose to use clear corrugated roofing to allow natural light into this shed. You can see the 2 shopvacs that were originally part of my simple vacuum system. I have removed them and found that I get better airflow using an electric leaf blower with the vacuum attachment hooked up to my system. There is a large metal trashcan with a dust collection separator to collect the larger pieces of saw dust and chips. My air compressor is on a shelf on the right now and I ran a hose through the wall and to a 25 foot reel attached to the ceiling. I wired separate switched for both on the inside of my shop. These systems work extremely well for a small shop. The wall provides some insulation from the overwhelming noise they would otherwise create inside the shop.
The refrigeration setup in your van is an area where you really do get what you pay for, whether you’re paying in money or in time. The best options are the most expensive. The cheapest options are a pain and/or don’t work very well. And if you try to save money with a DIY refrigerator setup, you could end up spending a lot of time on installation.
Ultimate Small Shop