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Resource Center > Article
How To Get The Money You Need In 2010
31 Dec 09 Posted by: Kevin James Culp
in Growth & Profit
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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!

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Funding is the lifeblood of any business. The principle reason entrepreneurs put off starting their own business is lack of it. Raising funds from venture capitalists, friends and family is fraught with danger and is often very time consuming. Funding your business by mortgaging your home is risky too....
 
   

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