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Home Based Business Financing Guide

Well, the good news is there are several resources available to finance your home based business. You'll have to do some research to find what's available in your area, but this guide will show you several areas to begin looking to get the financing you need for your home based business.

The Small Business Administration (SBA) is an excellent place to turn to for home based business financing. It doesn't make grants that your home based business won't have to pay back, nor does it make direct loans to small and home based businesses. Instead, the SBA guarantees loans given by private lenders. This reduces the risk associated with new business ventures and makes it easier to get lenders for your home based business. However, to get a SBA loan, your home based business must be a profit making one, and you will have to guarantee your loan personally. This means putting your personal assets at risk. Also, to be eligible for an SBA assistance and/or loan, your home based business has to be in the United States, and there's other criteria that must be met. Still, if you're looking for financial assistance to start your home based business, the SBA is a good place to start.

Private grants are another type of financing you can look into for your home based business. There are many different types of grants, and there could likely be one for your home based business. The Internet is a great place to do your research. The grant process can take awhile, so if you decide this is the route you want to go for financing your home business, and your home based business meets the criteria of a grant, you will want to get started with the grant writing process as soon as possible. Also, you may need to hire a grant writer to help you. Grant requirements are strenuous, and there's a great deal of competition for small and home based business grants. It's well worth the time and effort to research grants, though, to try to get a grant for your home based business because the money given does not have to be paid back.

Preventing Home Based Business Burnout

If you're a home based business owner, you know what I mean. Priorities shift constantly. The home based business accounting tasks that you meant to get done this morning are still waiting for you when 6:00 p.m. rolls around. And since you're at home, well, you think, why not, and plunge right back into your home based business chores. Before you know it, it's 11:00 p.m. You've missed dinner with the kids and only want to fall into bed, exhausted. Every home based business owner has days like this occasionally, but a steady diet of them can cause serious home based business burnout. Luckily, by using these tips on making the most of your time, you can prevent it from happening to you--which could ultimately save your home based business.

One of the first things you should do is categorize tasks that are similar and do them all at once. For instance, make as many phone calls as you can during one block of time. Knowing you have other calls to make to your home based business clients will help you keep your calls shorter. And it also just makes since. You already have the phone in your hand and your phone book, if necessary, handy. Do the same thing with writing letters and taking care of email. Grouping your chores this way will help you make the most of your time.

7 Steps to an Online Home Based Business

Are you thinking about starting an online home based business from scratch but don't really know how to get going? Well, then this article is for you! I have outlined seven steps to get your online home based business up and running in a matter of days, or even hours.

Here you go...

1) Defining Your Reasoning - The first thing you need to do is answer this question for yourself... why do you want to start an online home based business? Write down all the reasons for why you want to start an online business. Here are a few of the more common reasons: financial freedom, luxury vacations, more time with family, new car, new house, money for college, etc...

Once you have written down as many things as you can think of for why you want to start your own online home based business then pick the best one that applies most to you. This is what you will use as your "reason" from now on. Now write this one reason on a separate piece of paper and post it everywhere you can, so you will see it many times per day. This will keep you driven and focused on your dreams.

2) Domain Name - Since you are starting an online home based business it is obviously very important that you create an online presence for yourself and your business. So a website is an absolute must have. The first thing you need to do before you start building your website is to register a domain name. One of the best places for doing this is godaddy.com

So what should your domain name be? Well, I can't entirely answer that for you but I can tell you that you want to make sure that your domain name reflects what your business is. Too many people use their names, some "cute" name, or some other irrelevant domain... do not do that unless it actually is reflective of your home based business!

3) Choosing a Web Host - If you don't have a way to host your domain/website, you won't be able to proceed with your online home based business. Yes, this is a very important step!

Here are a few things to look for when choosing a web host:

Speed

It is important to your business success to make sure visitors can see your site quickly. Part of this has to do with how fast your web-hosts servers are. Although there are a few other factors, server speeds are pretty darn important.

Customer Support

Web hosts should offer a variety of customer support options. These are typically toll free phone numbers, email support, frequently asked questions pages, live support, and help forums. Obviously the more support your host offers, the better it is for you if you ever need*it.

Reliability

Checking out the reliability of a service is also very important to your website and ultimately your online business success. Hosts usually have several backup systems in case something goes wrong with the main servers. They also can promise less "down time" by backup power systems. I wouldn't use a web host unless it has at least a 97% uptime guarantee.