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
Loan Resources:
Pay
Off all Your Loans
Use the free DebtWizard
to see how much you can save!
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