Funding Your Start Up
Funding Your Start Up
There are three growingly popular options. One option is applying for a Small Business Administration (SBA) loan. These are loans specific to small business owners. The loans are typically at lower interest rates than a bank loan. The SBA has an application with specific requirements – one of which is a business plan – that are necessary. Once the application is complete, the loan package is then submitted to one of the various local organizations that work with the SBA. These organizations are usually local economic development organizations. These organizations usually have a monthly deadline for submitting SBA loan applications. It is important to find out the deadline and submit your application prior to that date.
Another growing option is Angel Investors. Angel Investors have funds set aside to assist small business owners. Angel Investors typically have specific industries, geographical locations, or areas of business development they support. It is important that all required information is supplied to the Angel Investor. Angel Investors require a business plan as well.
Joint Ventures are strategic partnerships developed between an individual/organization with an idea and an individual/organization with the necessary funding to make the partnership a reality. Joint ventures spread the risk and the cost as well as improve the speed to the market.
Funding Your Start Up - To learn more about this author, visit Brandy Adamson's Website.
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You have an idea for a business. You need funding for your start up. What do you do? There are many options available. You could take out a personal loan, max your credit cards, or call on the help of friends and family. Those are a few options the first two are not that appealing and your friends and family may not be in a financial position to assist. So now you ask, what options do I have?
There are three growingly popular options. One option is applying for a Small Business Administration (SBA) loan. These are loans specific to small business owners. The loans are typically at lower interest rates than a bank loan. The SBA has an application with specific requirements – one of which is a business plan – that are necessary. Once the application is complete, the loan package is then submitted to one of the various local organizations that work with the SBA. These organizations are usually local economic development organizations. These organizations usually have a monthly deadline for submitting SBA loan applications. It is important to find out the deadline and submit your application prior to that date.
Another growing option is Angel Investors. Angel Investors have funds set aside to assist small business owners. Angel Investors typically have specific industries, geographical locations, or areas of business development they support. It is important that all required information is supplied to the Angel Investor. Angel Investors require a business plan as well.
Joint Ventures are strategic partnerships developed between an individual/organization with an idea and an individual/organization with the necessary funding to make the partnership a reality. Joint ventures spread the risk and the cost as well as improve the speed to the market.
Funding Your Start Up - To learn more about this author, visit Brandy Adamson's Website.
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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