[an error occurred while processing this directive]


home_business Directory

home_business Articles

WRITERS WANTED! (click-me)

Feature Article:

New Year's Resolutions for Your Home Business
"Happy New Year" may be the most positive phrase in the English language. For those whose fortunes were less than they desired over the last twelve months, the new year is an opportunity to close the book and start afresh. Those lucky souls who came...
...Read More

Small Home Business: Effective Ways To Reduce Your Costs
One of the advantages of conducting your own small business is you can significantly reduce your costs by controlling a few simple processes. Here are ten useful ways to reduce your business costs. 1. Network With Non Competing Businesses This...
...Read More

The Top 6 Ways to get Home Business Financing


Once you have identified the ‘big ticket’ business idea that is going to work for you, it starts raining fire to get appropriate financing for your project. The keystone to building a successful business is your ability to raise hard cold cash. You may be planning a shoestring budget for your start up but even then every business needs some working capital for building inventory, registration fees, insurance, for buying office equipment, maybe even space. For a smart home business owner there are several ways to raise capital for the start-up.

We have summed up some of the most obvious ideas for funding and some not –so-obvious ones as well. If you have a robust business plan at hand and can identify what is the best source of raising capital for you, it shouldn’t be all that difficult to get someone to show you the way to the vault.

1. SBA Loans: The Small Business Administration is a government organization working towards promoting the small and home business segment in the US. Though SBA doesn’t issue grants or make loans directly, it is still one of the best sources of funding for the home business owner. The reason is that SBA guarantees loans made by private lenders to you as a home business owner. One of the biggest problems you will face as a home based entrepreneur looking for funding is trying to prove you are not a fraud and have the capability to return the investors’ money. So the SBA guarantee reduces or eliminates the risk inherent in a new business venture, gives credibility to your business and makes it easy for moneylenders to forward money to you.
For more information visit the SBA site at:



2. Commercial banks: Taking a loan from a bank is a good option because banks don’t require you to turn over equity or company control. However, you must have the confidence and a strong plan to make your business start making profits regularly or else it can get sticky paying the bank loan back. To get access to bank loans you have to have collaterals and must be able to prove your capability in your start up area.

3. Personal Saving: This is a favorite with a large percentage of first time entrepreneurs because it is the easiest way to get money (if you have it!), and you have no liability to any outside lenders. So if you’ve been planning for your home business all along and have set some money aside, use that to kick start your venture. An ex-colleague who turned a home business owner recently decided to have a garage sale of all the stuff they didn’t need in the house anymore. I kid you not…they raised a sizeable sum in just one weekend!

4. Family and friends: Borrowing from family or friends is a good idea when the amount you need is relatively small. It can be clubbed with part of your own savings and novel fund raising ideas like a garage sale to help finance your business. This is an easy way to raise funds, as these are the people who know you well and need fewer assurances. It is also unlikely that they will drag you to a court if your business takes longer to get profitable and repayment is delayed. But take care that money does not sour your relationships; be professional in your dealings with them and get a formal agreement drawn up in order to put the terms of the loan in writing.

5. Venture Capitalists: Venture capitalists are professional investors who may be in charge of a large pool of capital gathered from a range of sources. These firms invest in new, even high-risk or speculative businesses without a proven track record, with the potential for rapid growth and high returns in a short time. Take a look at www.vfinance.com to get you started on this line of credit.

6. Angel Investors: Angels investors are relative to venture capitalists and usually less demanding in the returns they expect. These are private investors who expect their investments to make more money than through the traditional markets. An angel investor could be your doctor, accountant or attorney who seek out new businesses to invest in return for equity ownership. Also see: www.angel-investor-news.com

Some other good sources of funding are Industrial banks, home equity loans and loans on credit cards. Some other not so obvious ways of raising capital can be equipment leasing and advertising. Another area, which you can explore, is personal grants from corporates. For more information take a look at http://www.fdncenter.org/funders/grantmaker/index.html

So arm yourself with a solid business plan, determination and the right kind of information on what investors are looking for. You will hit the ground running with some of these ideas above.
Daegan Smith is the Ex-NCAA Wrestler Turned Webmaster of Perfect Home Based Business Opportunities - The Net’s Top Growing Source for Home Business Information. Attention: Webmasters & Web Publishers Make Money with our Free Home Business Content for Reprint at Free Web Site Content

More Reading:

Benefits of Article Writing for your Home Business


The Only Traffic Secret Youll Ever Need For Your Home Based Business

Home Based Business Money Saving Tips

Small Home Business Unique Free Advertising For Business Owners

Invisible Secret Weapon Of Successful Home Based Business Entrepreneurs

How to market your home business inexpensively or for free

Home Business Comparison Worksheet

Get real about Home Businesses

Tax Advantages In A Home Business

home_business Home

home_business Directory

Additional Reading

Why Do you Want to Get Rich with Your own Home-Based Business?
Why Do you Want to Get Rich with Your own Home-Based Business? This may seem like a silly question but it is deeper than it appears. Why do you want to get rich? To have more money,obviously. Right. But what does that mean? Why is being rich so...
...Read More

10 Quick Steps To A Home Business Marketing Plan
10 Quick Steps To A Home Business Marketing Plan by BB Lee (c)2003 (500 Words) Did your know that without a solid marketing strategy your home based or small business will struggle to find success. You will need a marketing plan or strategy to...
...Read More

You had a great idea when you decided to open a home-based Internet retail business. You became a “power seller,” as people in the online retail business world call you. Your goal is to move tons of merchandise through Web auction sites and...
...Read More



Internet Search for: business, home_business, home

[an error occurred while processing this directive]

[an error occurred while processing this directive]