Funding for any kind of small business is challenging. Though, it can be daunting to ask for money when you know you’ll be running the entire operation from your domicile. But I’m here to tell you to get that thinking out of your head! If you’re not spending money on office rent or paying a large number of employees, there’ll be less money to borrow, and, ultimately, less money to pay back.
Here are four ways to gain the funds you need to open up your at-home business:
Put a lot of thought into your business plan.
Just because you’re not in a formal office doesn’t mean you get to draft up a casual business plan. Investors will always feel more comfortable giving money to a strong, well thought out business plan. A good investor shouldn’t care about the type of office you’re in, they should be concerned with your short-term and long-term goals, and how you plan on meeting those goals. Simply do a quick Google search for “Business Plan Templates” and take your pick. Fill it out thoroughly, and give it the time it deserves. Not only is a good business plan a great tool for gaining investors, it’s a great tool for keeping you as the business owner on track and striving for your starting goals. (more…)
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