Coming up with the right plan for a small business starts with having an idea. The idea doesn’t have to be a complete thought or even an original concept. It just has to be an idea that will enable you to make money. Later on, when you go out to apply for your first small business loan, you’ll need to have a more concrete plan in place, but for right now all you need is an idea. It is the seed that will grow into the tree that will be your small business and all you have to do in the beginning is water it.

Let’s take a look at one of the great ideas of the past century, the hamburger stand. In the 1940’s and 1950’s, hamburger stands and drive ups were popular throughout most of the United States, but only one of the many came up with the idea of a fifteen cent cheeseburger, French fries, and a milk shake all available at a drive-up. That company was known as McDonald’s and they’re now an international phenomenon. All they had when they started was an idea.

Coca Cola was an idea. The home computer was an idea (a really good one). The automobile was another good one. The only thing that separates you from the people who started up those companies is a little bit of working capital financing. Your idea could be just as good as any of theirs. You just need a little financial boost to get it going. This is the point where you need more than an idea.

If you’re wondering how to get a small business loan, it’s easy. Just go to your local bank, bring the deeds to all your properties, the birth certificate of your first-born child, and your wife’s engagement ring. They’ll give you a loan. If you don’t want to do any of that, you need to start building corporate credit. Lenders want to see some credit history before they hand over the money, simple as that.

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