Towing Issues: Starting a small towing and repair business, small business loan, tow companies


Question
My husband and I are trying to start our own towing and repair business and we have no idea where to start. We've tried a small business loan for financing but got the big NO on our presentation.  Can you suggest a new avenue that maybe we haven't thought of yet?

Answer
I would love to be able to provide you with all the answers for this question, but not able to do that in reality...
( I have not finished my book yet (TOW COMPANIES FOR DUMMIES)

I would hope that you are in a financial position (have enough savings) to support your self personally for about a year plus have all the money to spend on the equipment and other business related expenses for that same time...

There is a saying in the towing business which can be applied to other businesses...

" Want to make a million dollars in the towing business,  START WITH TWO MILLION"


Sorry, but from your question it seems that you are not in a position to make your business go, and that will be the biggest part of the problem... I doubt that you will find someone who will supply you with the money (take all the risks) while you enjoy the rewards of having your own business..