Business Resources By WorkPlaceMoxie.Com

Money Isn't Everything ... But It Sure Helps

Are you thinking about going into business for yourself? Do you know if you have enough money to do what you desire? Do you know where to get the money you'll need?

By the time you finish reading this page you'll have access to information dealing with such issues as:

Finding out how much money you're going to need
Knowing where to get the money you'll need
Understanding the pro's and con's of the different lenders

Learn how successful people get the money they need to be successful.

One of the first things you need to do when you're looking into Job Alternatives is to learn as much as possible about what kind of Financing will be involved. Really.

Regardless which alternative you choose, be sure you know up front all you can about how much money you'll need to put into it. Not only just to get started but also for the long-term.

Research this information but also speak with someone already working in the Job Alternative you're interested in. Hopefully, they'll be honest with you about up front and on going costs. Once you know this, you will know if you'll need additional funds.

If you do need to get financing, there are reliable, (and legal), sources available.

Where to go for what you need ...

Ideally you want whoever finances your (ad)venture to not only give you the money you need, but also be supportive and have some experience in your chosen industry/field.

There are always your friends and/or family. Who, if they're able and willing, usually have the best return payment terms around ... In fact, it's possible they'll agree to make it an investment.

But - Borrowing money from your friends and/or family can cost you a great deal more than just money in the long run ... So think about going outside of your circle of friends and family.

If you're in good standing with your own bank, try them first. After all, they already know you and have a record of your banking habits. Which can prove to be very helpful when it comes to working out how much money, when it will have to be paid back and the interest rate.

If this isn't your best avenue, contact your local Small Business Administration about getting a loan. The SBA has loan programs, as well as management counseling and training services.

A guaranteed loan from the SBA can let you to keep your ownership interests intact. Until you get to a time and place that you can think about selling shares or taking on other business partners.

Then there's also the avenue of finding a private financier. This is a person who will give you money for your business - Under certain, mutually agreeable conditions.

But beware -

On the up-side, there are some really good, but not well known places to get a loan.

On the-down side, there are many poorly organized and run, (and downright bad), places that will give you a loan, but you'll end up paying far more than what you borrowed.

Bottom line ... Always find out everything you can about any possible lender. Just as you do any employee, employer, business or alternative before you agree to anything. And especially before you sign on the dotted line.

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