Is it really hard to run a Payday Advance business? If you want a small scale operation, you can limit your liability by offering it to only friends, family members, and colleagues. Make them sign a contract so that you are protected and ask for a postdated check so that you won’t have to run after them on the due date. In some cases, it’s okay to ask for collateral. Be as professional as possible because even if this is only a small venture, it can grow in time if you get more clients who are willing to work with you.