Sunday, July 6, 2008

Top 10 Ways to Save Money For Your Home Based Business Investment

1. Sell stuff on eBay : Although this may seem obvious, following through and parting with that old watch or collectible can bring you a quick profit.

2. Have a Yard Sale : It takes work, but when it's all over, you've got extra money and less junk.

3. Pawn Valuables : Everyone has something of value they never use.

4. Borrow from a friend or family member : Not the prefered method, but if you set up a payback schedule and present your idea, this is a way many empires are started.

5. Get a Business Partner : This not only combines financial resources but you now have two different skillsets to draw from.

6. Approach an Investor : Present a formal Business Plan to an investor and work out a formal loan repayment aggreement.

7. Get a Bank Loan : Like investors, banks invest in entrepreneurial enterprises when they are presented professionally (seek out a cosigner if needed).

8. Government Grants : Depending on the nature of your proposed business, there may be free money or low interest loans available. Try grants.gov or govbenefits.gov

9. Save : This often takes a while but with concerted effort and sacrifice you may have your money sooner by stashing away an extra 10% than just wishing you had the money.

10. Use Your Credit Card : Don't go overboard with this but a well spent couple of thousand bucks can make the difference between having a profitable online business or not.

No comments: