| The first thing you need when you start a
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| | Remember that banks charge interest for
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| business is money. The next thing you
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| | their loans. You'd have to pay back the
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| need to keep your business going is more
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| | principal sum you borrow with interest.
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| money. There are lots of guides online to
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| | Though the interest rate might sound
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| help you start up a business, but you
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| | managable, the interest you have to pay
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| have to pay to read most of the good
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| | can accumulate to a frightening sum time,
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| ones. Seems like you need money to make
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| | A better bet is to try and get a grant.
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| money. A sad fact of life.
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| | You can get grants for business
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| The good news is that you still can run
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| | development which can mean the difference
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| your business even if you are strapped
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| | between a successful business or giving
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| for cash. You'll have to be resourceful
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| | up before the business takes off due to
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| though. Lazy people need not apply.
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| | the lack of funds. Grants can even tide
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| Once you've got a great business idea, do
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| | you through tough times.
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| your feasibility study. Plan ahead. How
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| | On the other side of the equation would
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| much would you need for this business.
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| | be the cost cutting measures. Try not to
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| How much might you expect it to earn?
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| | pay for anything if an alternative is
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| What is the long term potential of the
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| | available for free. In my web business, I
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| business? Do you plan to run this biz for
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| | went for the free operating system Linux
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| life and hand it down to your heirs or do
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| | and the free database Mysql and saved
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| you want to grow this business and sell
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| | tremendously on software costs. Instead
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| it off?
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| | of microsoft office, I went for open
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| If you want to sell it off, you could
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| | office which you can download for free
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| search for venture capitalists who are
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| | online, or you could buy staroffice from
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| willing to fund your idea in exchange for
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| | computer stores for a fraction of what
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| a share of your company. When you do sell
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| | you might pay for microsoft office. Sure,
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| it off, they get their cut and their
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| | free versions may not have as many
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| profits from the venture. Bear in mind
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| | versions as the costly, more popular
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| there is no such thing as free money.
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| | software, but do you really need all
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| They fund your venture and they would
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| | those bells and whistles? Wouldn't the
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| want to make some of the decisions.
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| | money be better spent on other business
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| You'll have to comply with their wishes
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| | essentials?
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| or at least work out some compromise both
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| | Do you really need an impressive office
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| parties can live with.
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| | in a prestigious district? Is that really
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| Alternatively, whether you want to sell
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| | necessary? You could save substantially
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| or keep your business, if your savings
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| | if you work from a home office or
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| can cover the business costs and have
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| | relocate your office to a place where the
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| enough for you to live on for the next
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| | rental isn't so high.
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| twelve months then you can fund it
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| | How much do you spend on the printing of
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| yourself from your savings and keep full
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| | your materials? Business cards, mailers
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| control of your business. Or you could
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| | for marketing your business can be rather
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| borrow from family and friends but make
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| | expensive. You shouldn't compromise on
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| sure you return the borrowed cash.
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| | the quality as these materials represent
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| If you can't muster up enough funds or
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| | your company image. Here's where I got
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| you'd rather save that money for
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| | Free Marketing Materials which are
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| emergencies, you could take a bank loan.
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| | beautifully printed on quality paper.
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