| Did you know that you can find small business start up | | | | "Credit Woes Hit Home", by Jane J. Kim is a prime |
| capital without borrowing from banks, family or | | | | example of why you owe it to yourself to do thorough |
| friends? If you've been dreaming of the financial | | | | research when considering some "so called" bootstrap |
| freedom that comes with being your own boss -- only | | | | financing options. Read the article without buying the |
| to have your hopes and dreams dashed by the harsh | | | | newspaper! Check it out for free online by copying |
| realities of finding the business start up funding you | | | | and pasting this address in your browser: |
| need -- read on! Let me introduce you to the only | | | | Savings and Investments |
| method for successfully starting and growing a small | | | | Using your savings is only wise if you have first |
| business without BIG bank loans, bootstrap financing! | | | | created a financial plan for your start up. I take my |
| There are many shoestring financing tactics being | | | | clients by the hand and guide them step-by-step |
| touted by business experts as being the best way of | | | | through this process, as it is foundational for any |
| financing a bootstrapped business. As a Start Up | | | | business desiring to start up without borrowing. If you |
| Business Efficiency Expert, allow me to help you sift | | | | skip this vital step, your new business just isn't going to |
| through all of the methods that simply do not work! | | | | make it. Don't risk your life's savings because you've |
| Let's examine them here: | | | | taken the wrong advice. Research; research -- and |
| Loans from Family and Friends | | | | again I'll say it -- research! The importance of planning |
| Although this may have worked successfully for Sir | | | | and being well prepared with a bootstrap financing |
| Richard Branson of Virgin Airlines, this method of start | | | | system that actually works, is key to your success. |
| up financing doesn't work for everyone. In many | | | | Raising the Business Start Up Capital You Need |
| cases, it causes "bad blood" between family members | | | | Let's be real, all businesses need a continuous inflow of |
| and broken ties for old friends. | | | | cash to succeed. The problem arises when you don't |
| In my own family, I have seen the devastation that | | | | adequately plan for cash flow fluctuations. Understand |
| unpaid start up loans can have on family relationships. | | | | this: there will be a time lag in between the period in |
| A member of my family started a retail store by | | | | which you start your business and when you can |
| borrowing from 3 other immediate family members. To | | | | expect your business to start earning a profit. To |
| make a long story short - the business went "belly up" | | | | survive and conquer this time period requires realistic |
| and the loans were never repaid. This caused a major | | | | and well conceived planning. You simply must have a |
| rift in our family, when one of the three members that | | | | proven and effective system in place to keep cash |
| loaned some of the money became very angry about | | | | flowing through your business. |
| not being repaid. This kind of damage is not easily | | | | To raise the business start up funding you need |
| repaired. My advice? Don't borrow from family and | | | | requires an expert crash course in bootstrapping. Did |
| friends to raise small business start up capital! It just | | | | you know that there are literally hundreds of free |
| isn't worth the pain. | | | | resources that can help you fund your start up |
| Credit Card Financing | | | | business? The trick is knowing how and where to find |
| Caution: This is a big mistake! Although I have advised | | | | them. Get started on the road to start up success |
| many of my clients not to go down this road, some | | | | today - without borrowing. Find free sources of funding |
| have ignored this advice - and with disastrous results. I | | | | and bootstrap your way to start up success! |
| implore you not to trust the advice of any start up | | | | © Kimberly Kelly 2009 - All Rights Reserved |
| expert that would suggest credit cards as a means of | | | | Worldwide. |
| business start up funding. Please don't just take my | | | | Permission is granted to reprint this article on the |
| word for it! Read the true life stories of three small | | | | condition that it may only be reprinted in its entirety with |
| business owners - caught in the credit card crunch. | | | | all live links and author bio in tact. |