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 14, 2009
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.
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:
We've all heard the clich̩: "it takes money to make money" Рand 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:
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.
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 clich̩: "it takes money to make money" Рand 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.
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