You might wonder although you really want to start a business, where could you find support for your home business when you have limited start up costs to begin a whole new business? There are many ways to work around this. Here are a few options you can consider.
Consider a loan from a family member. While all family loans are not created equal, you never know who will be your biggest supporter in your new business venture and would gladly loan you a small amount of money for your business start-up.
Investigate small business loans that cater to women and home businesses. Some grants are also available (and you don’t have to pay them back!) You must be prepared to undergo credit and reference checks, attend business classes, and disclose financial aspects of your personal and business life.
Try and save in other areas of your life. Not a coupon person? Start using coupons and put the total amount you save with each grocery trip into a special “new business fund”. Do you order takeout a couple times a week? Cut back to once a week or once every other week, and put that money into your “new business fund” too.
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