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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.

Another type of home based business financing is through what's called angel investors. These are investors who are willing to lend money to fledgling small and home based businesses, generally because they know a good thing when they see it and are willing to take some risks. Angel investors for home based businesses may not be that easy to find, but with some networking in your area, you'll be able to locate several. Joining your local Chamber of Commerce is a good way to find angel investors. Also, talk to accountants who may be able to bring together several investors for your home based business. This happens a lot more often than you might think because investing in a small or home based business can provide a good tax break for many people. And then there are just some good souls out there who want to help others start home based businesses because they've been there themselves and managed to create successful home based businesses of their own.

One final note. The only investors to be wary of for your home based business are those you might find in your own family. It just simply isn't a good idea to borrow money for your home based business, or for anything else for that matter, from family members. There are just too many things that can go wrong in a financial obligation like this. A family member you borrow money from to start your home based business may pressure you to run the business their way, or worse, your home based business could go under and have to declare bankruptcy. It's horrible to lose any investor's money, but when it's Uncle David's, it's much worse. So only borrow money for your home based business from family members as a last resort, and only if you're certain you have a sure thing.

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.

Another thing you can do to help you get more home based business work accomplished in a day is to set priorities. Write them down, and then look at your home based business to-do list. If there's a task or two that won't take a great deal of time to do, take care of them first, then jump into the higher priority jobs on the list. This gets a few things off your home based business to-do list that you may not get to otherwise, and over a period of days, those unattended to tasks add up to a mountain that seems overwhelming. Getting a few less important home based business chores done early in the day also has a psychological effect of making you feel more productive, and so you become more productive.

You also want to build some breaks into your home based business schedule. Eating lunch and/or dinner at your desk in your home based business office is a big no-no. Make it a point to take meal breaks anywhere but in your home based business office. You might build in a short walk during the morning or afternoon to give you an additional break. You'll come back to your home based business more refreshed, and this makes it possible to do your work more quickly and efficiently.

Learning to say no is important too. When you're just starting your home based business, this can be difficult to do. You want your home based business to be successful, after all, so it's only natural to want to say yes to everyone and everything. But taking on too many clients or projects, particularly ones that don't really fit with your personal and home based business objectives and goals, can end up actually costing you money, not to mention energy that you could put to better use doing your necessary home based business projects and chores. So before you say yes or sign any contracts, give serious consideration as to whether it's the type of client or work that fits your home based business goals and if you can realistically take on more work.

Some other tips on making the most of your home based business time include:

Delegate whenever possible

Outline the work for any project in advance

Make appointments with yourself to do certain chores--and keep them

Bring in help if you need to

Organize your home based business office for maximum efficiency

Create a filing system--and use it

Finally, don't make the mistake many home based business owners make in thinking working harder means getting ahead. Remember that saying about working smarter, not harder? Well, it's true, and it's also the best way to prevent home based business burnout.

Article Source: http://EzineArticles.com/45759

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.

4) Building Your Site - This will most likely be an ongoing task for as long as you have your home based business. However, just to get something up and going at first here are some pointers...

* Keep your text relevant to what you are offering. 

* Do not stuff keywords in to your text. 

* Do not put banners on your home page. 

* Always have a catchy headline. 

* Keep the site clean looking and easy to read. 

* Dark text on light background is always best. 

* Let your visitors know what you can do for them. 

* Make navigation very simple for visitors.

There are many more rules of website design but those are some of the basic ones that you need to worry about for now. This step is something you will always be keeping up on. Make sure you continue to learn, tweak, test, and build your site.

5) Uploading files to your site - So you have built a few pages for your new site, now what do you do? Well, you have to upload them to your web host. Typically this will be done using "FTP". Now you are probably thinking, "What the heck is that?" Well, don't worry about all the technical stuff. In simple terms it is a way to get the files, or pages, that you just built onto your website and "live" to the world.

You can just ask your web host for your FTP information or do some searching around the frequently asked questions in your control panel and you should be able to find this out fairly easily. Once you do it is simply a matter of putting in the information into an FTP client and watching it upload to your web site.

6) Putting your business on autopilot - This is big step in creating a successful online home based business because it keeps you from being completely consumed by it and actually allows you to enjoy your new found freedom.

One of the recipes to creating a successful online home based business is to automate as many things as possible. This will save yourself time to do things you do best and actually enjoy your business.

One of the best ways to do this is with an autoresponder. An autoresponder pretty much defines itself. It will automatically send out your emails at intervals that you set.

A great way to utilize autoresponders is to write up an e-course and/or a weekly newsletter, and then copy/paste those messages into your autoresponder, set the days you want your prospects to receive them, and voila... it's on autopilot. You will want to have a form on your website for your visitors to subscribe to it. They will put in their name and email address and you will have a prospect to email to over and over again.

I have used many different autoresponders since I started my home based business and I can tell you without a doubt that my favorhte is Aweber. I use them to this day and highly recommend them. You can find them at aweber.com

7) Automating the sales process - The last thing you need to do to get your online home based business up and going is to setup your ordering process, so visitors to your website can buy whatever product you are selling.

The very first, and most common way people sell digital products, like ebooks and software, from their sites, is to use a 3rd party merchant called clickbank. You can find them at ClickBank.com

Setting up an account with them is pretty darn easy to do and is quite a bit cheaper than getting a merchant account for your self. Just follow their instructions. They are well known and respected so you should feel safe with them.

Alrighty, that's all there is to it. Seven steps to getting your new online home based business set up and going strong. I will admit that for the complete beginner it may not be as easy as it sounds but it is not rocket science either. You could honestly have all this done in just a day or two. Do some reading, learning, a little bit of guessing, and jump right in. Your online home based business will take be up and running before you know it.