Thursday, October 08, 2009

Find Creative Deals To Start Your Business

This article is about how to launch a small business on a shoestring but the following excerpt particularly struck me:

Yafa Sakkejha (pictured) made a deal with her father that’s enabling her to get House of Verona, a summer health-retreat business, off the ground. He agreed to “incubate” her fledgling company by giving her rent-free use of Blue View Chalets, his winter ski-resort property in Canada’s Blue Mountains, for the first year and by fronting some of her larger initial expenses.

Ms. Sakkejha is using her savings to repay Blue View half of the expenses it incurs for her and hire health experts, a fitness trainer and caterers. If [Laurel here ... WHEN] her business takes off, both parties win. She begins to build her own business, and her father gains a summertime revenue stream from the property.

There's another example cited within the article about Christine Marchuska, who started an eco-friendly fashion label, cmarchuska LLC, in November, using $40,000 in savings and severance she got after being laid off from Wall Street.

Find out what she did along with other visionaries to strike creative deals in the rough and get their businesses going!

1 comment:

yafa said...

haha, thanks for replacing that "if" with "when", Laurel!