Wednesday, August 5, 2009

Searching Bad Credit Business Loans? Consider Bootstrap Financing!

By: Kimberly Kelly

Searching for information on bad credit business loans? Have you considered bootstrap financing? Millions of would be entrepreneurs just like you, are frustrated because they just can't seem to qualify for traditional bank loan financing.

My Personal Journey

Here's why you should avoid bad credit business loans at all cost…

About 4 ½ years ago, my husband and I sold off all of our assets in Ireland and moved to Georgia to escape debt. Our company was sold off, as well as our big "American style" home and most of our assets. (We were masters at living way beyond our means.) Although we netted a nice profit, we were living in a credit nightmare. Since our business was seasonal (we sold educational supplies to the schools, universities, etc.), our operating costs were fairly high. Cash flow was a real concern. For almost 7 months of the year, our small company survived on a business line of credit –- essentially a BIG bank loan. Believe me when I tell you that we had many sleepless nights and an awful lot of stress.

After selling off everything, we moved to America and started all over again. Since neither my husband nor I had any established credit, we did not have access to traditional bank loan financing when we started our business in Georgia. After contacting a start-up consultant, it was suggested that we apply for "bad credit" business loans as a means of funding our new business.

This was just not a viable option for us. We decided to rely solely upon bootstrap financing to get our business up and running. It was then that I embarked on a journey to learn all that I could about starting a business without bank loans. My quest for information and creative solutions is what spurred me to become a Certified Start-up Business Consultant who specializes in cost reduction strategies for new start up businesses. I now run three profitable businesses –- without owing any money to lenders. It's a great feeling.

Don't Be Tempted To Dig a Deeper Bad Credit Black Hole!

Don't let anyone tell you that the only way that you can fund your start-up is to rely on bad credit business loans -- even though you may have less than perfect credit or don't own a home. If you are overextended, with a mountain of debts you just can't seem to tunnel your way through, there is still hope. You can achieve your dreams of owning your own business without borrowing money. I have personally seen this dream come true for many of my clients.

The Secret is Bootstrapping

You just need the know-how. The secret ingredient for learning how to start a new business without bank loans is to bootstrap. Before you can get started with bootstrap financing, you may need to make some lifestyle changes. Honestly assess where you are right now financially, and how you got there. This is the first step to getting out.

Look for Free Sources of Start-up Funding

Find over a hundred free resources to help fund your new business. Get your copy of The Start-up Business Survival Guide:101 Free Products & Services to Help Finance Your Dream of Successful Business Ownership".

© 2009 – Kimberly Kelly – All Rights Reserved Worldwide

Tuesday, July 14, 2009

Recession-riddled US Economy Struck a Crushing Blow as Business Loans Continue to Dry Up

By: Kimberly Kelly

The recession has rocked the nation's #1 provider of SBA backed business loans, as the US economy continues to take a nose dive. With bankruptcy rumors looming in the balance, would be entrepreneurs are scrambling to find alternatives to traditional bank financing.

As a Start-up Business Consultant, my advice to anyone seriously considering starting a new business is to explore bootstrapping. Bootstrapping is a process which employs creative self-funding strategies, without the need for BIG business loans. The fact is, many budding entrepreneurs are seeking out creative financing solutions in response to the current credit melt down. I'm seeing a definite increase in my seminar attendance numbers.

"Should You Start a New Business When the US Economy is in Bad Shape?

The most commonly asked question that I hear from attendees is: "Should I start a new business when the US economy is in such bad shape?" Want to know my answer? Yes! Starting a new business during a recession is a smart move. Companies like Wal-Mart, General Electric and Federal Express all started during times of great economic distress. With so many debt-laden companies going out of business, the market is wide open to receive and support debt-free contenders.

Get an Education in Bootstrap Financing

In order to successfully avoid borrowing money to start your new venture, you must first get a thorough education in bootstrap financing methods. Many new entrepreneurs just don't realize that you can successfully start a new business without business loans. There are many free sources of funding available to start ups. Don't allow the recession to strike a crushing blow to your plans. Starting a new business may just be your roadmap to financial freedom.

Discover over a hundred free sources of business start up funding and learn the secrets for bootstrapping your business, even if you have very little start up cash, poor credit or don't own a home. Invest in "The Start Up Business Survival Guide: 101 FREE Products and Services to Help Finance Your Dream of Successful Business Ownership", by visiting http://www.StartUpBusinessSurvivalGuide.com.

© 2009 Kimberly Kelly – All Rights Reserved Worldwide.

Tuesday, July 7, 2009

Small Business Funding: Find Money to Start a Business Without Start Up Loans

By: Kimberly Kelly

Have you been hopelessly searching for small business funding for a new venture? Well, today I'm going to share my #1 secret with you for finding money to start a business – and without the need for HUGE start up loans. Drum roll please. The secret is Bootstrapping. I know it sounds quite simple, but it is no less effective. Unfortunately, many of us have been trained to believe the only way to start a successful new business is with bank loan financing. This is simply not true.

Having done it both ways (with start up loans and by bootstrapping) I can honestly tell you that bootstrapping is what I practice and preach. I remember all too well the sleepless nights my husband and I would have pacing the floor when we were first starting out in business. We were "up to our eyeballs" in bank debt – all the while juggling cash flow from our seasonal business. Although we had a very profitable company with annual sales of $2.7 Million, we soon realized that funding our small business with debt financing was eating up all of our profits! This is just not the case with a bootstrapped business. The profit you make is the profit you keep.

We ended up selling that business in March 2005 – and never looked back. It did however teach us a valuable lesson: never use borrowed money to start a business if you can help it! The repayments inhibit true growth by eating up all of profits – and you're still not free. The borrower becomes the servant (some say slave) of the lender, until the debt is paid in full. If for some reason you cannot repay the debt, the lender takes possession of everything that you've worked so hard to build.

Now I teach budding entrepreneurs the secrets for finding small business funding without BIG bank loans. I love my job as a Certified Start Up Business Consultant. I would have never taken this career path if I had not experienced first-hand, the perils of building a new business on a mountain of debt from huge start up loans.

Did You Know?

You can find the money to start a business by bootstrapping – even if you have little money, poor credit or don't own a home. Get started TODAY!

Discover over a hundred free sources of business start up funding and learn the secrets for bootstrapping your business, even if you have very little money. Invest in The Start Up Business Survival Guide: 101 FREE Products and Services to Help Finance Your Dream of Successful Business Ownership, by visiting http://www.StartUpBusinessSurvivalGuide.com.

© 2009 Kimberly Kelly – All Rights Reserved Worldwide.

Wednesday, July 1, 2009

Small Business Opportunities: Find the Best Business to Start for under $100

By: Kimberly Kelly

If you're searching for small business opportunities that require minimal start up cash, I have great news. Find the best business to start for less than $100 right here! Before we take a look at my top pick, let's examine the #1 factor for successfully starting and growing a small business –- MONEY. You need money to:

  • start your business,

  • gain customers;

  • grow your business.


We've all heard the clichĂ©: "it takes money to make money" – and it's true for the most part. Money fuels and facilitates the growth of your new enterprise. This is why so many people dream of starting a business, but few ever actually take the plunge.

So, how can you successfully start a business, even if you have very little money? The answer is in:

#1: Finding profitable, shoestring start up small business opportunities.

#2: Discovering how you can greatly reduce and eliminate many of your start up costs.

#3: Learning how to continue to grow your small business through the use of bootstrap financing.

Best Business to Start With Less than $100.

Move In/Move Out Cleaning Service – This is one of my recommendations for the best business to start for under $100! It gets my top rating because, (1) it requires very little money to start, (2) you can start up immediately; and (3) you can continue to grow this business by bootstrapping. Advertising and promotion for this business is also quite easy and affordable.

Marketing Tips to Help Get You Started

Finding customers for a Move In/Move Out Cleaning Service needn't break the bank. Try forming partnerships with other related businesses, offering them a commission or referral fee. Here are some possible partners:

  • Apartment Finding Services

  • Construction Companies and Small Home Builders

  • Moving Companies

  • Moving Truck Rental Companies

  • Self-Storage Facilities

  • Realtors



Take the Entrepreneurial Plunge!

Get started on the road to financial freedom TODAY – even if you have very little money, poor credit or don't own your own home. Bootstrapping is the key to start up success.

To learn more about finding the most profitable small business opportunities you can start with less than $100, claim your free copy of the "Top 10 Best Home Businesses You Can Start Today With Little or No Money Whatsoever!", by visiting my website.

©2009 Kimberly Kelly – All Rights Reserved Worldwide.

Tuesday, June 23, 2009

Economic Recession Buster: Start a Recession Proof Business Without Borrowing!

By: Kimberly Kelly

There is no better economic recession buster at your disposal, than the option of starting a recession proof business. If you've always dreamed of starting a business, this current economic climate is the perfect catalyst to spur on your efforts.

Just take a look at the headlines:

  • Home Foreclosure Crisis Looming.

  • Government Bails Out Automakers.

  • Jobless Rate Tops 9%!


With many American families struggling to survive this current economic recession, today is your perfect opportunity to secure your family's financial future. So how do you get started? Let's take a look at three very simple steps for starting a recession proof business without borrowing.

Step One: Start With Passion!

Find a profitable business idea that you're passionate about. If you love sports, research ideas related to sports. If you're into fashion, investigate how you can turn that passion into profit.

Step Two: Get Your Finances in Order

Develop a plan for reducing and consolidating your personal debt load. This is always the first step for starting any business. Start by creating a listing of all of your monthly expenses. Sort through that list and make the necessary cuts to the non-essentials.

Step Three: Create a Bootstrap Start Up Plan

Learn all you can about bootstrap financing. Search the internet or by an eBook on bootstrap funding methods. Investing in a proven bootstrapping system can help you to uncover potential sources of free start up funding.

You can survive this economic recession, by gaining the financial freedom you deserve. Learn how to start a recession proof business, by not getting into the trouble that has been the root cause – DEBT! Discover how you can fund your new business, even if you have very little money, don't own a home or poor credit. The answer is Boostrapping!

If you'd like more information about bootstrap financing, request a free copy of "The Bootstrapper's Business Start-up Planner",by visiting my website.

©2009 Kimberly Kelly – All Rights Reserved Worldwide.

Monday, June 22, 2009

Recession Depression? Learn How to Start a Business Without BIG Bank Loans!

By: Kimberly Kelly

Are you suffering from recession depression? Find the cure now. Learn how to start a business without bank loans!

My neighbor has been unemployed for 10 months now. I've watched him aimlessly mope about doing yard work and other chores around the house, to try to bring some sort of relief to his despair. If it wasn't for his wife's income, we'd likely be getting new neighbors.

Unfortunately this story is playing out all across America. The latest Department of Labor jobless figures have now topped 9.4%. In May alone, almost 350,000 jobs were lost. If you happen to be one of the lucky ones who didn't get a pink slip, you're very likely doing the work of two people. That, according to a recent survey conducted by CareerBuilder.com. Their survey of American workers indicates that 37% have reported to be doing the work of two people -- and at the same rate of pay.

How Did We Get Here?

The short answer to what causes a recession, is inflation. Inflation occurs when the cost for products and services continues to rise over a sustained period. This weakens the buying power of your dollars, which causes most people to "put the brakes" on spending. Especially if that spending is not cash spending, but credit spending.

Inflation also sparks a decline in gross domestic product, which refers to the output of all products and services produced in the nation by businesses, like your employer. (So, by learning how to start a business without bank loan financing, you are essentially breaking a link in the debt chain.)

Once consumers begin guarding their dollars, business owners feel the brunt of decreased sales revenues, leading to cuts in overall spending – and ultimately job losses. The vicious cycle results in home foreclosures, government bailouts of banks (when mortgages are defaulted), and the like. It all perpetuates because of a dirty, four letter word -- D-E-B-T!

There is no doubt that recession depression is real. You're not alone in your quest to find a cure. How is it possible? Especially, when all we hear about is:

  • More Job Cuts

  • Falling House Prices

  • A Looming Foreclosure Crisis

  • Government Bailouts


The Solution…

There is light at the end of this, seemingly endless, dark tunnel of economic woes. Be empowered to cope, by being in control of your financial future. Learn how to start a business, without the crippling weight of debt. How? Bootstrap Financing is the answer.

You can learn how to start, manage and grow you business -- even if you don't have much money, don't own your own home, or have poor credit. Don't allow the doldrums of recession depression to stop you from regaining control of your life. Investigate bootstrap financing methods, and start your own business TODAY!

If you'd like to learn more about bootstrap financing, claim your free copy of "The Bootstrapper's Business Start-Up Planner", right here.

©2009 Kimberly Kelly – All Rights Reserved Worldwide.

Tuesday, June 16, 2009

Home Based Business Start Up Funding Guide - Find Business Start Up Money Without Borrowing

By: Kimberly Kelly

This Home Based Business Start Up Funding Guide is a free resource, developed to help you find the business start up money you need to finance your home based business. The funding sources reviewed here are not intended to act as a comprehensive listing, but rather a quick start reference guide, to get you on the road to start up funding success.

For a more comprehensive listing, please seek the guidance of a Certified Start Up Business Consultant, specializing in alternative financing strategies and cost reduction methods.

Business Start Up Contests

Business start up contests may be worth your time. You can potentially win business start up money, recognition and free publicity, or valuable business services. Here are a few dot com contest sites:

  • StartUpNation – "Leading Moms in Business Contest"

  • Business – "What Works for Business Contest"

  • Ideablob – "Business Idea Contest"


Business Start Up Grants

Although it may be somewhat challenging to qualify for a government grant to start your business, consider private sector start up grants. This will require diligent research, but there are some private sector grant opportunities available to new businesses. Some don't even require a completed business plan – just a great idea. Check out the $1,000 Entrepreneurial Spirit Grant opportunity offered by Idea CafĂ© (BusinessOwnersIdeaCafe.com), to assist you in your quest for home based business start up funding.

Form a Strategic Alliance

Formulating a mutually beneficial strategic alliance, with a non-competing business in your industry or field of expertise, can save you thousands of dollars. If you have specialized skills or expertise in your field, join forces with a company which compliments your business.

For example, if you plan to start a bookkeeping service from your home, you may want to connect up with a certified public accountant. Or, if you are a Certified Start Up Business Consultant like me, you may have strategic alliances with an attorney and accountant. These relationships benefit you greatly by reducing a large chunk of your operating costs, thereby lowering your home based business start up funding requirements.

Bootstrap Financing Methods

All of the ideas we've discussed are free sources of funding, to assist you in your bootstrap financing plan. Did you know that there are hundreds of absolutely free resources that you can take advantage of, to help your home based business obtain the all important start up funding it needs to succeed?

If you're desperately searching for business start up money to finally realize your dream of successful business ownership without bank loans, consider the services of a Certified Start Up Business Consultant.

I work with people everyday who just didn't think that they had enough money to start a business. You can find the money you need to start your business TODAY – even if you have poor credit or don't own a home.

Start by claiming your free copy of "The Bootstrapper's Start Up Business Planner", by visiting my website.

©2009 Kimberly Kelly – All Rights Reserved Worldwide.