Fast And Fun Ways To Raise Money To Start Your Home Business

It might seem begging, borrowing and stealing are the options you have to funding your home business. However I suggest you not go through route. At first begging might seem like a good idea. The more pathetic you sound the better your chances of getting what your want, right? It works for three year olds usually, why not a 43 year old? It usually doesn't work for the three year old and it certainly isn't going to work at all for the 43 year old. Borrowing...yes but if your credit isn't as beautiful as you would like it to be, most banks will look at your loan application and all of a sudden you'll think you're a comic. Because whatever you wrote on that loan application has caused this individual reading it to get the best belly life of their life. Stealing just isn't something that is looked on too favorably in most if not all countries of the world. Depending on where you live you could have fingers and limbs cut off, you could be killed or you could spend some time in a very small cell giving you a lot of time to think that stealing probably wasn't the best idea you've ever had. There has GOT to be a better way to raising money to start your home business and me being the good news fairy that I am I'd like to tell you - you're right!Not only is there better ways to raise money, but there are fun ways to do it too and it doesn't have to take you all that long to raise the money you need. CUT THE EXTRAS To start most home businesses, it doesn't cost a lot of money. Many home businesses can be started for under $500.00 and some can be started for much less. One idea is to look at your current spending habits. Cable, phone/cell bills, going out to eat, daily coffee at the coffee shop. Let's take that last example of buying a daily coffee. Most specialty coffees you're paying on average of about $3.00 a cup. If you were to pass on that coffee five days a week for a month you will have saved $80. Do that for a few months and you could be very close to raising the money you need. What about your cable bill? Average cable bills are $50 to $75 a month. What if you were to cut out the cable? Not only would you be saving money and reaching the goal to finance your home biz, but think of all the time you can put into your home business idea? It's amazing the time we waste sitting in front of that little box. MAKE THE MONEY Maybe you don't like the idea of cutting anything out, or maybe you want to combine the above and raise the money yourself to put yourself on the fast track to getting your business started. The goal is to raise your money in just one to three months. The sooner the better. It's amazing what you can do for a few months if you want something bad enough. Think about something you already know a lot about.

• Gardening
• Art
• Music
• Health/Fitness
• Cooking
• Finance

These are just a few ideas. Think about what you like to do and have a lot of knowledge in. Remember, just because you know a lot about this area, others will not and they would love to pay you for your knowledge.

Think about teaching a 4 week workshop on your area of expertise. Offer a Health/Fitness program. It could be geared towards women who want to be ready to wear that itsy bitsy teeny weenie yellow polka dot bikini for the summer. Create for them a work-out plan along with a healthy diet. You could meet with them as a group or individually in their home and help motivate them to reach their goals.

If you're thumb can be described as the color of deep forest green you could think about putting in gardens and maintaining them through the summer for those people who will enjoy the fruits and vegetables of YOUR labor.

Kids are always raising money with car washing, why can't adults? Think about offering a mobile spring cleaning car service. If cleaning is your thing you could use that same theme and offer to spring clean or organize peoples home, kitchens or closets.

If it's around the holidays there are lights to be hung on houses (And taken down), there are homes and businesses to be decorated, parties to plan and money to be made.

Everyone is born with special gifts, talents and interests. Use them to make the money you need to get your home business off the ground.

TELL EVERYONE WHAT YOU'RE UP TO

People naturally like to help each other. At least most people I don't recommend asking any ex's. What your about to do is not begging either. You will be talking to your friends and family in a non-whinnying, very confident manner.

Explain to them what your goal is and how you plan to reach your goal. Ask them if they would like to help you reach your goal and this is what you can do to help them. It's a win win situation for everyone.

Whether your friends or family decide to help you reach your goal, ask them for referrals. This way you don't EVER have to make a cold call. You can contact these people, tell them so and so said to give them a call because they might be interested in the product or service you're offering. Again, give them your pre-practiced spiel.

HAVE FUN

Be sure you pick a way to make money that you naturally enjoy doing.

Once you reach the goal you’ve set for yourself you will have such a renewed sense of confidence for yourself. To create for yourself a goal, and reach, is such a wonderful way to give a personal power boost of good feelings.

By Liz Folger is the founder of http://www.bizymoms.com/. Bizymoms.com is the leading online resource for work-from-home ideas. The site offers home-based business start-up kits, online classes, e-books, chats and enthusiastic support for moms who want to have it all - a family and a career.

Home Based Business Financing Guide

There are several resources available to finance your home based business. You’ll have to do some research to find what’s available in your area, but this guide will show you several areas to begin looking to get the financing you need for your home based business. The Small Business Administration (SBA) is an excellent place to turn to for home based business financing. It doesn’t make grants that your home based business won’t have to pay back, nor does it make direct loans to small and home based businesses. Instead, the SBA guarantees loans given by private lenders. This reduces the risk associated with new business ventures and makes it easier to get lenders for your home based business. However, to get a SBA loan, your home based business must be a profit making one, and you will have to guarantee your loan personally. This means putting your personal assets at risk. Also, to be eligible for an SBA assistance and/or loan, your home based business has to be in the United States, and there’s other criteria that must be met. Still, if you’re looking for financial assistance to start your home based business, the SBA is a good place to start. Private grants are another type of financing you can look into for your home based business. There are many different types of grants, and there could likely be one for your home based business. The Internet is a great place to do your research. The grant process can take awhile, so if you decide this is the route you want to go for financing your home business, and your home based business meets the criteria of a grant, you will want to get started with the grant writing process as soon as possible. Also, you may need to hire a grant writer to help you. Grant requirements are strenuous, and there’s a great deal of competition for small and home based business grants. It’s well worth the time and effort to research grants, though, to try to get a grant for your home based business because the money given does not have to be paid back. Another type of home based business financing is through what’s called angel investors. These are investors who are willing to lend money to fledgling small and home based businesses, generally because they know a good thing when they see it and are willing to take some risks. Angel investors for home based businesses may not be that easy to find, but with some networking in your area, you’ll be able to locate several. Joining your local Chamber of Commerce is a good way to find angel investors. Also, talk to accountants who may be able to bring together several investors for your home based business. This happens a lot more often than you might think because investing in a small or home based business can provide a good tax break for many people. And then there are just some good souls out there who want to help others start home based businesses because they’ve been there themselves and managed to create successful home based businesses of their own. One final note. The only investors to be wary of for your home based business are those you might find in your own family. It just simply isn’t a good idea to borrow money for your home based business, or for anything else for that matter, from family members. There are just too many things that can go wrong in a financial obligation like this. A family member you borrow money from to start your home based business may pressure you to run the business their way, or worse, your home based business could go under and have to declare bankruptcy. It’s horrible to lose any investor’s money, but when it’s Uncle David’s, it’s much worse. So only borrow money for your home based business from family members as a last resort, and only if you’re certain you have a sure thing. By Charles Fuchs, President of Vision Management Enterprise Inc., is an established online marketer who specializes in helping people start their very own Work at Home Based Business. Visit his site at http://www.charlesfuchs.com

Don't Borrow Money,Is A Trap

Although there are some times when borrowing money is financially a sound option, there are other times when borrowing money will only lead to larger problems. Here are five times that it is unwise to borrow money. When you haven’t done your research Don’t get a loan from the first bank that you walk into. Use the internet as one of your valuable tools to find your best rates. Although a one percent difference might not sound like a lot, on a large loan such as a mortgage, it can equal upwards of $10,000 that you lose. Similarly, it will take you longer to pay back such a loan, and you will be indebted for a longer period. You want to get your loan from a reputable bank or credit union that you feel comfortable with. If you are uneasy about any of the bank or online bank’s practices, then simply choose not to borrow. It’s your money: make sure you are dealing with someone you trust. Try asking friends and family for recommendations. When you are solicited If you get offers in the mail or in your email to borrow money, don’t take them. If you need to borrow money, you will seek out the lenders. It is bad news when the lenders seek you out. This is particularly applicable to credit cards. Credit card companies often have aggressive marketing campaigns designed to lure in new consumers. People sign up for a credit card, thinking that they have made a good decision, or that they will never use the card. If you use your card and don’t pay the balance off monthly, you are paying too much interest. Use your debit card instead. Remember: retail and gas credit cards are also credit cards, and are likely to have an even higher interest rate. When you are offered repeated refinancing Don’t refinance your loan frequently over a short period of time. You might be charged fees for each time you refinance that will add up over time. Although it might seem like you are getting a better deal by refinancing your loan in the long term, the short term costs for these changes can be considerable. Often, there is fine print in these agreements that will cost you money. You want to get a loan from an institution (often a bank or credit union) that can offer you stability and security. You not only get peace of mind knowing what your monthly payments are, you will get a better deal from an institution that is not trying to charge you constant refinancing fees. Occasional refinancing might be fiscally wise, but be sure that you are dealing with an institution that you trust. From fee-based institutions You will have to pay interest on any money that you borrow. You want to pay the least amount of interest possible. See if you are going to have to pay any fees or premiums on your loan. These are often not counted in the interest rate and make a loan look less expensive and more competitive than it really is. Payday loan companies and cash advance companies are notorious for charging excess fees as well as exorbitant interest rates. Avoid these institutions at all cost. A bank or credit union will certainly be able to offer you better options. Each state has a lending law which states the highest amount a company can charge you interest. In Canada, this rate is 60%. Charging more than a 60% interest rate is illegal, but many companies try to wheedle their way around the law by charging ancillary fees that they do not count with interest. Of late, there has been a rash of lawsuits against such practices. Don’t get involved in the first place. Borrowing your own tax refund Some companies purport to offer you easy access to your tax refund, and will loan you the money in the interim. This practice, like payday loans, is predatory and bad for the consumer. You will lose more of your tax refund than you will see of it, so avoid this scam at all costs. Although borrowing money is a part of regular financial growth, and is often fiscally necessary, you want to avoid being caught in these predatory lending practices. Doing your research is the best way to safeguard yourself against any of these monetary scams. By Morgan James is a financial expert who can help you get financially back on track. Check out all of the information that Morgan has to share on loans (payday loans, mortgages, student loans, and more) at http://www.theguideto-loans.com/