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Financing a Home Business

Women Entrepreneur's Guide To Financing A Home Based Business

It's a fact, over 66 percent of new business owners are women. And did you know that women entrepreneurs are 75 percent more successful than their male counterparts at managing and profiting with their own home based business.

One problem women entrepreneurs often encounter is where to find funding for their business venture. Check out the following list for a few ideas.

Job Revenue: That's right. Don't quit that day job just yet. Many women start their home business part time while still working at a full time outside job.

Personal Savings: Many women home business owners look to finance their venture with personal bank account. Or other personal resources such as savings bonds, stock, etc.

Credit Cards: More women than you might think fund their startup with their credit cards. This is risky, but a quick way to fund your business.

Friends and Family: Many women entrepreneurs look to friends and family when starting a new business. Often, money is loaned interest free, which is to the business owners best advantage.

Banks, Credit Unions: Prepare a good business proposal. The bank or credit union might consider you a good loan prospect and fund your business. This might be a long shot because many of these institutions will not consider the business owner unless they have a proven track record or an established business.

Garage Sales: Start spring cleaning. Clear out those attics, basements, closets, of all unwanted items. Garage sale profits might easily fund your complete startup cost.

Ebay Profits: Register with Ebay, the online auction site. Your trash could easily be someone's treasure. Heh, you might even consider starting a business selling items on Ebay!

BB Lee
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