Denver, CO (PRWEB) October 28, 2013
There is an old adage that says it takes money to make money—and nowhere is this truer than in the world of entrepreneurship, states BudgetBusinessPlans.com. Launching and then operating a small business requires ample start-up capital, as business owners must invest in workspace, in online real estate, in equipment and supplies, in staffing, and more. With that said, it comes as no surprise that many small businesses require financial assistance—but how much financing do most start-ups and new businesses truly need? The team recently asked this very question in an online survey—and now, in a new statement to the press, it has made the survey results public.
“The goal of our site is to help small business owners develop effective business plans, without breaking their budgets in the process,” comments Jason Kay, the founder and developer of BudgetBusinessPlans.com. “As such, we were curious to determine how much financing the average small business owner truly needs.”
The answer is less than many might have imagined; the most popular answer in the poll is “$50k or less.” This option took 42 percent of the vote, and is the lowest amount that survey respondents were allowed to choose.
Following behind it are the answers $100k-$500k, which took 21 percent of the vote; $50k-$100k, which took 20 percent; and over $1 million—the largest amount—which took 19 percent. “Clearly, there is a sizable portion of small business owners—if not a majority—that needs this high level of financing,” notes Kay. Finishing with only 9 percent of the vote is $500k-$1 million.
As for what it all means, Kay says the answer is clear. “Most small business owners need some financial help, but only a small amount,” he explains. “No small business owner wants to accumulate massive debt right off the bat, and as such, entrepreneurs endeavor to run tight ships and efficient businesses. Their zeal is to keep their financing needs as light as possible.”
As for BudgetBusinessPlans.com itself, the site exists to offer resources for entrepreneurs striving to craft winsome business plans. The resources offered range from professional writing services to business plan writing software reviews, informational articles and how-tos, and beyond. The site can be accessed at budgetbusinessplans.com.