Shakil Prasla is on the cutting edge when it comes to profiting from the growth of million-dollar, one-person businesses. Researching business ideas on the internet, he came across a blog on how to start an ecommerce company and got intrigued. After using his savings for his first acquisition, Prasla turned to loans, frequently those backed by the U.S. Small Business Administration. Banks don't usually want to lend to ecommerce businesses, which don't often have real estate as an asset, but the SBA's guarantee took some of the risk out for them. His advice to others who want to start or acquire ecommerce businesses?

Source: Forbes May 29, 2019 02:26 UTC