Please begin typing, and select your location from the list
Get better results and save time by saving your locations. Home, Office, Favorite vacation spot, Grandmas House and more...Create an account | Log In
Recently Searched locations
Trending Articles in Your Area
List: Posted: 12/10/10
If you are interested in starting your own home business, one of the biggest obstacles you need to overcome is raising revenue. Financing a startup can have many expenses that you may not have planned for, so, with that said, a good rule of thumb is to have a few months worth of expenses saved before you quit your existing job. Here are a few ways to raise the money you need to get your home business off the ground.
One tip for starting a home business is to consider asking family members for startup capital. Nobody likes to borrow money, but if you have a sound business plan and solid marketing strategy, your family members and friends will be happy to invest. Offer a detailed plan for repayment and help them see why your business is likely to strike success.
If this doesn’t work, or if you need more money, speak with someone at your bank. Banks can often help you secure a home business loan as long as you have solid credit, collateral, or an established business plan. This strict set of criteria establishes confidence in your business so the bank knows the loan will be repaid.
The last option to consider is investors. With a sound business strategy, you can easily find someone to form a partnership with you in return for a share of profits. This means releasing partial ownership of your home business, but can also be the easiest way to get your company up and running.
As you can see, there are plenty of resources available for obtaining money for a home-based business. However, recognizing which choice is best for you can make the biggest difference.
Shop online for all your home improvement needs: appliances, bathroom decorating ideas, kitchen remodeling, patio furniture, power tools, bbq grills, carpeting, lumber, concrete, lighting, ceiling fans and more at The Home Depot.
This site provides information about language learning.
The material in this article is for informational purposes only. The views expressed in this article are those of the author and do not necessarily reflect the views or opinions of Local.com. See Additional Information