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> Get Articles > Accounting and Book-Keeping > 7 Quick Ways To Finance Your Home Business!

7 Quick Ways To Finance Your Home Business!


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BB Lee
smallbizangelfire.com

SmallBizBits
http://www.angelfire.com/zine/smallbiz/


7 Quick Ways To Finance Your Home Business

by BB Lee (C)2002





About 300 Words



Personal savings: The first place many new home business

owners look to finance their venture is their personal bank

account. Or other personal resources such as savings bonds,

stock, etc. One entrepreneur, I know of, used her vacation

funds from her regular job to start a part-time home business.



Credit cards: More people than you might think fund their

startup with their credit cards. This is risky, but a quick

way to fund your nifty biz idea.



Friends and family: Many entrepreneurs look to friends and

family when starting up a new business. Often, money is

loaned to the party interest free, which can be beneficial

when first getting started.



Banks and credit unions: The most common source of funding,

banks and credit unions, will consider you a good loan

prospect if you show them a sound business proposal.



Garage sales: A few clever entrepreneurs cleared out

unused articles in their basements or attics and made

quite a profit selling these items at weekend garage sales.



Consignment shop: Clean out your closets. Deliver the clothes

you've outgrown in the last few years to a local consignment

shop. Arrange a fair selling price. They will display your

items and charge you a percentage of the selling price.



Sell your stuff at ebay: That's right! Register with ebay,

the online auction site. Dust off a few of your old Elvis

records, Beastie Boy's CD's, or how about that Barbie Doll

collecting dust in your attic. A handsome profit is up for

grabs if you have a hot item.



IMAGINE!!!



Your Junk Could Easily Be Someone's Treasure!





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BB Lee is editor/publisher of SmallBizBits Newsletter

http://www.angelfire.com/zine/smallbiz

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