First, let me say Happy New Year and what a year it has been! 2009 was one of the most challenging years for any home-based business in recent memory.
Many have learned from the past and plan to get well organized in 2010. Also, many will open a new venture that will thrive in any market climate. Raising capital is one way that you can make your business grow. No matter if it is a small one-man show or a brick & mortar franchise, an under capitalized businesses may end up failing. Don’t let this happen to you.
Raising money is easier than you might think. Ask yourself a few questions before you jump into the world of financing. For example, ask yourself what type of financing is best for your budding business? Furthermore, do you need a short bridge loan to get you through a tough time or do you need an on going source of funding that will be there any time you need to tap into it? Maybe you need start-up funds for your new invention around which you plan to start a distributorship program to get it into the hands of millions. No matter what your need is you need to do your homework in order to establish a sound business plan that will address all of these questions.
If you have one written or have already bought into a home-based business, distributorship, licensee, or even a franchise opportunity, a good first step might be to seek assistance at places like SCORE www.score.org, AEX Commercial Financing www.aexllc.com or the US Small Business Administration (SBA) http://www.sba.gov/financialassistance/borrowers/guaranteed/ to aid you in your search for the capital that will grow your business in 2010.
Carpe Diem My Friends!