You’ll need to be a very creative and resourceful entrepreneur indeed if you want to start a business with no funding. Although there are a few businesses that you can realistically put up with little or no money, most opportunities do require that you have startup funding at least. One of the best ways to do this is through a loan. But where to find one and how? Here are ways you can use:
Prepare a business plan.
A loan is something that only serious entrepreneurs should look into. Make sure you have a solid business plan ready. Most lenders will probably ask you for one during the application process.
Decide on how much you need.
Your business plan should include an estimate of your capital needs and expense. This should give you an idea of where to start to look for a business startup loan.
Look for possible sources of loans.
If you need money for a business startup, don’t just go and jump at the very first opportunity to get a loan. Many times, it might not even be a good opportunity for you. Consider first how much you need, what you can offer in return (in case a collateral is required), how much the interest will be and how soon you’ll be able to repay it.
Then, make a list of the sources of loans you can tap. These can include:
Entrepreneurs have traditionally approached banks when they needed loans for their businesses. Other than investing, offering loans at an interest is actually the bank’s way of earning money. If your small business startup needs a loan, a bank is a good place to start.
What you can expect: your banker should be able to assist you in finding the right loan for your business startup. Ask if loans are underwritten at the local level. It will be easier for you to obtain and negotiate for one.
Look for small business loans as well. Not every loan type a bank offers may fit your needs and capability. Besides, a bank that already provides loans for business startups will be more capable of and experienced in handling your unique requirements better.
Small business agencies
Small business agencies are excellent sources of much-needed funding through a business startup loan. These companies often specialize in venture financing so they are more likely to understand your needs. You could also choose from different loan types depending on the amount of money you need.
If your loan is less than $150,000, for example, you’re better off looking for lenders that offer small business loans at a good interest. For larger loans, you might want to look at other loan plans or if necessary, lenders.
There are also loans you can tap for small funding. The MicroLoan Program, for example, lends business owners startup money of $35,000 or less. They are easy to apply for and are excellent in case you need funding to purchase supplies or just for working capital. On the downside, these loans are short-term, so you’ll have to repay the loan amount plus capital within a short period of time.
If your business startup involves short-term work, such as those that are seasonal, cyclical or short-term based, you might consider obtaining special loans designed specifically for your type of business. These loans are perfect for ventures that involve building or construction and could offer you as much as $750,000 in startup loans.
These are just a few of the types of loans you can expect to find in the market. Make sure you fully understand the responsibilities they entail and that you get the right type of loan for your business needs. Choose wisely because a lot of your success as a business owner depends on how you manage the money from these loans.
Depending on the circumstances, you could tap personal loans as the first or last resort when you’re looking for business startup funding. Personal loans can be tricky but if you have a good source, establish a fair agreement and return the money as agreed, it could help give you much-needed money for your business.
Probably the greatest concern any would-be entrepreneur has initially is funding. When starting a business, the old saying that you need to spend money to make money holds true. Men, if you know where to look, there are quite a few resources you can tap to help you find the money you need. One of the best sources for business startup funding is a grant. Provided you have a feasible business, you could apply for one of these so you could get your business running in no time.
If there’s one thing true about business startup grants, it’s that applying for them is very challenging. Although there are many agencies and private companies that can potentially provide you with financial assistance, you will find that for every available grant there is, dozens of hopeful would-be entrepreneurs are just waiting to be the next recipient.
When looking for business startup grants, be ready to compete. I själva verket, if you need help writing a grant proposal for your business, you might even want to consider asking for assistance from someone more knowledgeable about the application process or a professional grant writer.
You should also know the eligibility requirements associated with certain grants. Some grants, for example, restrict the applicant’s age, geographical location, sex and race. The purpose for which the funding will be used will also be carefully scrutinized. Qualifications can be highly detailed and in some cases, rather difficult to comply with.
Agencies who offer grants are very picky. If you can’t show that your business has a strong potential for succeeding, you’ll find it difficult to win a grant.
Where to find a business startup grant
There are several sources of business startup grants that you can tap. These include:
Asking for a state-provided business startup grant is an excellent first option because it is relatively easy to apply for. Competing applicants are also lesser in number compared to those you will meet at the national level. Applying is also convenient and you’re likely to receive a positive response since these state agencies have a good understanding of the market and the business industry in general.
A caveat, fastän: applying for a business startup grant from this source is easy but it does have a few challenges. Most grants are designed to address a specific need in the business, such as purchase of supplies or inventory, construction, etc.. You’ll have to be very creative in making sure that your business plan is a match to the available funding.
The national government offers several opportunities for you to apply for and receive a business startup grant. Men, there are some specific requirements you’ll have to meet to qualify. Most of the grants available through federal funding are designed to assist non-profits. If you want to win a grant from this source, make sure you look carefully for opportunities that for-profit businesses like yours can qualify for.
Local government departments
There are business startup grants that are available for entrepreneurs with special needs. Women, minority groups and people with physical disabilities are often recipients of these grants. These sectors usually have special needs that may not always be given priority by more traditional grant providers.
Advantages and disadvantages of business grants
Unlike loans, business startup grants are free money that means if you do become a recipient, there’s no need to pay it back. You only have to qualify for it and present a clear purpose as to how the money will be spent in the business. This is also the very reason why competition for business grants can be rather tough.
Men, if you’re prepared for it and have a clear and feasible purpose for your business, there’s a good likelihood that you could get approved.
A business plan can not only serve as a guide for your business but also help obtain much-needed funding for it as well. Men, creating a business plan is not that easy for many entrepreneurs and some even seek out professional help just to prepare one. These days, fastän, creating a good, working business plan is just a few clicks away, thanks to software that are designed to make creating a business plan easy and convenient.
Some business plan software you can use for a startup venture you might want to look at include:
Business Plan Pro
This software is designed to assist new entrepreneurs in creating a business plan from scratch. The software is equipped with several very useful features and has over 500 sample business plans included in the package.
The templates for each are designed to mimic business plan forms that have already been approved by the SBA (Small Business Administration), banks. That means that users can expect these templates to be similar to those that have already passed the standards that most lenders require.
The package also includes research data regarding the business industry, a resource that can prove useful for newbies looking for information.
The software comes in Standard and Premier Packages and could be purchased as special editions (Academic, Non-Profit, U.K. and Canadian editions).
PlanMagic is a very useful business plan software that startup business owners will find very helpful for creating business plans that lenders will notice. It currently has three editions, including: Business, Retail and Construction.
PlanMagic Business is designed to help entrepreneurs design a business plan for most types of business ventures. It also comes with financial projection features that can compute business forecasts automatically. In case the user is unsure, the package comes with a built-in tutorial for guidance and how-tos. This edition is being marketed in several different languages.
The software includes the following features:
- product line analysis
- automated financial workbook
- sequential calculations
- automatic ratios
- detailed marketing
It also has a friendly user interface, which takes the guesswork out. Purchase of the product allows free updates for 6 months.
PlanMagic Retail is a business planning software that is specifically designed to assist retail store business owners in creating a business plan. This software features automated functions that allow for the creation of product descriptions and categories. It also includes a benchmark workbook and worksheets for equipment and inventory listing.
A bonus in this business plan software is the Powerpoint template that lets users design an easier means to present their business proposal.
Would-be contractors will find the PlanMagic Construction a very useful business plan software for their startup. To make writing and printouts easier, the business plan software uses a common word processor format and only requires the user to fill out the necessary information. Users can simply edit any corrections or deletions.
An important feature of this software is its automated financial planning feature, which allows for easy financial calculation and analysis. Analytic tools are built-in for this purpose, which may be used to calculate the accuracy of projections. Depreciations are calculated automatically and the software also allows for financial scheduling.
Like other business plan software in the PlanMagic line, the Construction edition also includes a presentation template, perfect for use when meeting with prospective lenders. Purchase of this software comes with a 12-month free update offer.
There will always be room for new ideas, particularly in business. Over the years, ideas have come and gone some with a bang and some with a whimper. Many of these ideas have revolutionized the industry while others merely reinvented the wheel. But if you’re looking to start a venture that will make a difference, cater to a ready market and still have the profitability of a promising business, here is the biggest startup business idea you can use:
Easy going green
Green technology is one of the best and biggest business startup ideas that have ever hit the industry. With eco-friendly consciousness becoming widespread worldwide and still a small number of products to meet that demand, today is the perfect time to consider going into business promoting green technology. Already, industry insiders are predicting that this business will grow and become a trillion dollar a year business in 10 years’ time and could become the basis of the future global economy.
Some business ventures to consider:
Products recreated from recycled materials
From apparel to shoes to construction materials, products made from recycled materials have switched from being novelties at specialty shops to becoming mainstream items. Simple, uncomplicated and practical, the switch has become one of the biggest startup business ideas today, resulting to the establishment of hundreds of stores and production facilities around the world.
Probably the most saleable and ubiquitous so far are reusable shopping bags, touted as the eco-friendly consumer’s answer to the call for reducing product carbon footprints and encouraging the use of materials that would otherwise clog up dumpsites.
How much you’ll need: should you go homemade, you’ll spend from around $3,000 till $5,000, depending on the equipment and materials you use. Design also matters, primarily because this product line does enjoy some popularity.
Eco-friendly car dealership
Eco-friendly cars don’t only reduce the user’s carbon footprint, they also minimize the demand for fossil fuel. These are mostly hybrids and are designed to be fuel-efficient, thus allowing high savings to the user. Car dealership can involve sales or leasing, so you’ll have a choice. Either way, the use of alternative energy is indirectly being promoted. The business will require establishing a relationship with auto manufacturers, although a known dealer could offer the same opportunity for nearly the same profits.
How much you’ll need: $10,000 to use with alternative models, probably lower if the auto producer is smaller. The latter option is a good choice for a startup business since new entrepreneurs might not want to shell out such a big capital. The need, dock, is huge and continues to expand.
Selling products that have been produced using organic methods helps promote a healthy choice and encourages a more responsible way of using natural resources. Organically grown plants, fruits and vegetables, for example, present a huge market and remain as one of the biggest startup business ideas today. The demand for organic products is rising and the profits are quite promising, considering that organic products are better priced than products using chemical fertilizers.
By-products in this sector are also promising. They could be expanded to include product lines such as skin care, cosmetics, home cleaning and maintenance created from organic materials. Many consumers are making the switch to these products because they are hypoallergenic and made from natural and naturally-sourced materials.
This segment of the industry expects huge growth, which means more competitors will be joining the field, all the more reason to grab the opportunity to make your mark as early as possible.
If there’s one insect in the world that does so much for so little, it’s the bee. Bees are very useful for many products and by-products and as such, are ideal for a business. If you’re looking to start a beekeeping business, here are some important information you can use for your startup:
Learn about beekeeping.
Never go into a business you don’t understand. Beekeeping needs a few specialized skills and knowledge, particularly because you will be dealing with a live source of your products. You should, for example, know how bee containers are designed for maximum use and production. You should also be able to know what harvesting entails, what types of products you can expect and how to process these products.
Most importantly, you should learn how to handle bees. You need to understand their nature, how they behave, what they like, how they thrive and how to protect them.
Scout for a location.
Location is crucial to the success of your beekeeping startup business. Ideal locations should be shady (have sufficient trees and shrubs with nearby flower beds or fields) and flat. In some areas, beekeeping is considered illegal. It’s important to get in touch with a local agency to find out if the area you want to build your business in is legally zoned.
If you want to look for locations that allow beehives, check with a beekeeping organization in your area or a nationally-affiliated group. They can guide you about locations that you can consider. When it comes to the area, you can buy or rent.
Find a bee supplier.
Bees are sold by container. Containers weigh around 1 kilogram to 2 kilograms. A one-kilogram container will contain around 9,000 bees. Try to purchase your bees during the early months of the year. By March or April, your supplier should be able to ship them out to you, most likely through postal service. You’ll probably have to pick up the bees yourself.
Maintain a number of colonies.
The number of colonies you have will depend on how many of you will be taking care of the bees. For every 500 till 1000 bee colonies, you’ll need one beekeeper who has sufficient knowledge about the operation. If you want more bee colonies, make sure you have trained beekeepers working for you.
Buy the right supplies.
Purchase containers where the queen bees will be kept, along with the frame where the hive will be housed. If you know how to handle these bees carefully, you should have no problems regarding their transport and transfer. Some equipment you will need include:
- hives or wooden frames
- fume boards
- queen excluders
- vehicles for transport
- coveralls (preferably white), gloves and hat with veil
The main product from a beekeeping business is honey. If you’re a startup, this is probably the most important thing you must know how to handle other than the bees themselves. You’ll need equipment for extraction and processing, which will include the extractor, some sieves and a settling tank.
If you’re starting a beekeeping business, you’ll be glad to know that the main product which is honey has excellent storage qualities. It doesnt spoil easily and is a very versatile product to process and sell. It also has a high demand, provided, of course that you know how and where to market it.
Given a good location, sufficient knowledge and good management practices, there’s no reason why your beekeeping startup business shouldn’t succeed.
Tja, I was going to try and get a proper , regular newsletter going but I am running into trouble from every side.
In case you did not know the site is now past 16,000 subscribers. Host gator only allows like 500 emails an hour, supposedly to anyone you choose, but that is not the case. They are monitoring who you send any email to and collecting the email addresses and if you send to more than 5000 different email addresses they are going to step in and make you upgrade your account to a VPS or Dedicated Server.
If you will take a look at Hostgator ads they advertise ‘unlimited email’ for the accounts they sell you.
Anyway, I have been looking all over the internet for some other way but I have not found one yet. I have a lot of information to share with you guys but if I cannot email it to you I do not see the point as it is a newsletter. I could put it on the forum but where is the fun in that as you are already here anyway, or at least some of you are.
Autoresponders are getting ridiculous in price. For a list my size places like Aweber want $130 a month. You have to realize that sending email is an automated process involving only computer time and maybe a couple of people to answer questions and do some tech work and all the rest is pure profit.
You will be glad to know that there are free alternatives. There are a number of free programs that you can get to make your own mail server at home. These servers work just like an SMTP server and have a lot of the same features of Aweber and can send 20,000 or more emails in an hour on a high speed internet connection. This is high enough for you to have your own email sending business and put the hurt on the big dogs. I am on dial up so this will not work for me. Just search for ‘free email server’. There are a number of free choices.
You can also use places like Gmail, Hotmail, Yahoo, etc.. I have been reading that Gmail will cancel your account but I also have read that you can sign up for a business app that will let you do this. As for the other free mail places you will just have to learn what they will let you do. The way I found this out was to do a search for ‘free smtp’.
You can also get free autoresponder accounts to get started. Unfortunately, after the free period you are going to be paying an arm and a leg. The ones that are completely free have all kinds of limits on them and a lot of them will not let you provide your own list. Search for ‘free autoresponder’ and you can get a list to choose from.
If you are an internet marketer do you not think it is time to fight back and get these prices back to a level that makes sense?
As for a newsletter for the website, it will just have to wait for now.
Airline travel can be big business and as long as you’re creative and have access to a good market, starting one could even prove to be the best decision in your life. Men, the key to succeeding in this type of venture is really careful planning and design, particularly during the initial stages. If starting an airline charter business is your dream, here are some things you need to know:
Get a solid background on the industry.
If you know nothing about the airline charter business or just have a vague idea how it’s done, launching a startup now is like skating on thin ice in the dark. This could potentially be a very expensive venture and if you don’t watch out.
Try to research the industry first talk to people involved, specifically those who actually work in the field. You’ll find that it will be easier to talk to industry insiders from locations you don’t intend to do business in, simply because you don’t present a threat to their business.
Determine how well the industry has been performing in the past and present, find out what its problems and challenges are and most importantly, identify its unique needs. You could just use this information to help you design a unique service that could help get you a slice of the market share.
Find out about licenses, permits and regulations.
The airline charter industry follows several regulations from agencies such as the Federal Aviation Administration, the Federal Office of Civil Aviation and the Chamber of Commerce. There are also licenses and permits you need to obtain not just for your airplanes (you’ll have to obtain licenses and permits for each unit) but also for your pilots and the crew. Food concessionaires, servers and airline personnel, if you hire them, might also be required to obtain permits and licenses themselves.
Identify your market.
Determine who you want to offer your airline charter service to. Who do you think will make good customers and how big a market is this? Can you realistically do business offering your services to this market? What are their needs, the type of services they prefer or wished other airlines offered and is there a potential for expansion with this market alone? If there is none, find out if it’s possible to expand to other market sectors.
This early, you might also want to decide whether you only want to cater to individual or corporate clients or if you would like to include freight or cargo as part of your business. Either way can be lucrative and if you want to combine both, you should be able to provide sufficient equipment and manpower. As a startup, this is one aspect worth looking into.
Know who your competitors are.
The airline charter business is highly competitive and the sluggish economy means you’ll have to work doubly hard. To find out what types of services are currently being offered, look for companies that are involved in the field.
Learn as much as you can about them how long they’ve been in business, what types of services they offer, how many people they employ, what their market share is, what makes them successful, etc.. This will help you determine what types of needs are still not being met by these carriers and what steps you need to take so you can compete with them directly.
Another great way to get into the airline charter business is to buy into a franchise. As a startup, your baby steps will be guided and you’ll have a system you can follow. With a franchise, you have the advantage of a known brand and won’t have to learn the industry on your own.
A lot of businesses, both online and in real time are relying on the internet to hopefully acquire more buyers that will lead to more sales and income. The process of search engine optimization or SEO is fairly easy, provided that you understand the different approaches and invest in the right resources that will get you good targeted traffic. You have to understand the different factors that will make your web site more visible to the world.
SEO or search engine optimization is the process of developing and boosting the quality and volume of traffic to a given website via search engines. Search engines will search for the most relevant web sites as visitors type in the given keywords through organic or algorithmic methods. I de flesta fall, the earlier a web site presents itself in the search results list, the higher number of visitors it will get from the search engine. Some of the most popular search engines include Yahoo and Google. SEO can target various types of search like images, local searches and vertical search engines that are industry-specific. Web presence is provided to the web site as you gain more relevance.
As an Internet Marketing Strategy
SEO is very much related to internet marketing. It considers how search engines function and what are the usual things that visitors on the internet look for. You can optimize the web site by changing or editing the content, associated coding and HTML to boost its relevance to given keywords as well as eliminate barriers to the indexing functions of search engines.
SEO can also mean search engine optimizers. The term was coined by a group of consultants who function by optimizing projects for different clients. Some SEO services are performed in-house by various types of employees. The techniques of SEO can be included into the development and design of the web site, since SEO effectiveness needs to change according to the HTML code of a given site. Being search-engine friendly usually means having the right web site design, content management systems, navigation tools, shopping carts, images and videos and menus to help optimize the site for increased search engine exposure.
There are different strategies that can be used to optimize visibility in search engines. According to eye tracking studies, searchers will scan search results pages from the top to bottom and left to right, to find relevant results. Positioning at the top or near the top of the rankings leads to increased number of searchers who will most likely visit your web site. Having more search engine referrals do not usually guarantee added sales.
SEO is not truly the right strategy for every given web site, since other internet marketing strategies can be more effective, depending on the objectives of the site operator. The success of the internet marketing campaign will ultimately drive organic traffic to your web site, but you also have to incorporate other approaches like paid advertising and affiliates. Using these resources will help increase the people who will most likely be interested in your given products and services.
SEO help you generate your ROI or return on investment. Search engines are not paid by web site owners if they get organic search traffic. The algorithms change, so you cannot be sure if you can stay at the top of the rankings. Updating your web site content and boosting the elements that make a good web site will help you get your money back quickly.