Part 4 of 5 On The Home Business Set-Up Guide

Written by Alvin


Continued from page 1

Expanding Your Business

Commonly a business will require more capital to expand. There are few ways to do this,repparttar most common are a bank loan and debt and equity finance.

The Bank Loan

All lender’s have certain criteria which need to be met before a loan is given:

§Character – this is your business performance, skills and abilities (assessed byrepparttar 116729 bank manager) §Cash flow – this shows whether sufficient funds can be generated to cover loan repayments §Collateral – security against potential loss

In many cases applications for loans fail becauserepparttar 116730 borrower has not presentedrepparttar 116731 relevant or sufficient information to enablerepparttar 116732 lender to understandrepparttar 116733 intentions ofrepparttar 116734 borrower andrepparttar 116735 viability ofrepparttar 116736 business venture.

Debt And Equity Finance

Debt finance is money borrowed byrepparttar 116737 business, from an external source. This isrepparttar 116738 most common way a small business raises additional funds. Equity finance is capital provided byrepparttar 116739 owner or investors intorepparttar 116740 business.

Planning For The Future

Some develop a business for lifestyle reasons, some use it as a means for creating income, or wealth creation inrepparttar 116741 long term. Some options forrepparttar 116742 future of your business include:

§Evolve – business evolves to complement changes inrepparttar 116743 industry §Leave home – move to commercial premises §Sell – work to create equity §Close down – plan your exit, notify clients, suppliers and be professional about it.

I hope this article has set you onrepparttar 116744 path to create your own home based business and empower you to reach your financial destiny. Inrepparttar 116745 next article, I will cover some ofrepparttar 116746 ins and outs of growing your small business from home.

Click Here To Get Other Resources On Home Based Business Ideas & Opportunities

I Am Making As Much Money Part Time From My Home Business As I Was Working Full Time In My 9-5 Job. Want To Hear My Story? http://www.parttimeincome.org



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Gold from Goals

Written by Shannon Herod


Continued from page 1

Now you are ready to commit to your goal. By this I mean tell any one that will listen to you what you are going to accomplish. Stand outside and shout it inrepparttar air, write it inrepparttar 116728 sand atrepparttar 116729 beach, put a big sign on that says I am a Goal Setter and a Goal Hitter. Don't be scared of what other people think of you, people love to pull other people down to their level. Make your goal known and strive daily to move closer and closer to achieving great success.

"I am not judged byrepparttar 116730 number of times I fail but byrepparttar 116731 number of times I succeed andrepparttar 116732 number of times I succeed is in direct proportion torepparttar 116733 number of times I can fail and keep trying"-unknown author

Strive to set goals and hit goals. You arerepparttar 116734 captain on your vessel to financial freedom, where you take it is up to you. Use your goals as a compass and you will always be heading inrepparttar 116735 right direction.

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = Shannon Herod Publishes a newsletter for people like You! If you would like to receive free marketing tips, secrets, & techniques plus a free Internet Income Course - $295 Value and Invaluable articles, insider strategies, and information fromrepparttar 116736 planet's highest-earning home business entrepreneurs! Subscribe F-R-E-E- at http://www.dreams2freedom.com = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =



Shannon Herod Publishes a newsletter for people like You! If you would like to receive free marketing tips, secrets, & techniques plus a free Internet Income Course - $295 Value and Invaluable articles, insider strategies, and information from the planet's highest-earning home business entrepreneurs! Subscribe F-R-E-E- at http://www.dreams2freedom.com


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