Transcript
Page 1: Finding start up cash for be your own boss jobs

Finding Start Up Cash for Be Your Own Boss Jobs Ever talked to someone with a terrific business idea that would be very profitable if only they had the money to start their business. Whatever business someone wants to start, it takes money to make money. Having the best intentions and business plan in place won’t get a business off the ground if there is not enough capital to get the business going. Below are some ideas on how to shift from being a corporate worker to having the cash to start one’s one business. Borrow – Let’s say that someone wanted to start be your own boss jobs from home and needed money to buy the start up materials to get the business going. One way to get the money is to borrow it. There may be someone in one’s family or a close friend that would be willing to pitch in. The answer is “no” until someone asks. Credit Cards – Many businesses have used credit cards to purchase office equipment, office supplies, and handle initial start-ups costs until the business becomes profitable. Choosing a card with a low percentage rate means someone will pay less interest down the road. Moonlight – Sometimes staying at a corporate job and working at night to build be your own boss jobs can be a good approach. It provides a steady income, allows someone to tuck away savings, and help the business to get off the ground. Then as the business takes off, someone can reduce his or her job hours to part time. And finally when it’s time, someone can cut the chords entirely and go full time with be your own boss jobs working from home. Home Equity – Another idea to fund be your own boss website is to borrow money from home equity. It’s a more risky way to get funding, but it can provide significant start up cash that someone might not otherwise have access to. Retirement Money – Be your own boss jobs can find their start up funding from a withdrawal from a retirement account. Be advised that there are significant taxes imposed for early withdrawal of funds. Angel Investors – For those with really profitable ideas but no cash to start, finding an angel investor may be the answer. Angel investors are wealthy individuals who are looking for creative ways to grow their money. Find someone who believes in the business plan and it could just be a potential funding source for the new business. Small Business Loan – The SBA grants low interest loans to provide financial assistance for small business. When presenting one’s self for a loan it’s important to present oneself in a professional matter and show that an individual fits the requirements for the loan. To learn more about starting be your own boss jobs by visiting our Be Your Own Boss website for more information.

Recommended