Small Business Loan – Starting Your Own Empire

An entrepreneur is not the type of person you find everywhere because not everyone has got the guts and determination to turn a startup business into a prosperous one. This type of person not only needs endurance and intelligence, but money as well; that is when a small business loan comes in.

- Small Business Loan -

There are always two parties in any business. Two sides of the counter: “You”, the provider and “they”, the consumers. It might not be easy to digest, but the way to get the best results is to identify an unsatisfied need in “them”, the public. Then, “you” create or choose a product to satisfy that need. Although it may sound simple, it is not. The market will show you that people make decisions based on emotions and not on knowledge. Why is this important? It is simple: today’s topic is small business loan, and how to prepare yourself to get one to start up the business of your dreams. Business owners sometimes stop being entrepreneurs and become regular people; taking on a small business loan for something they want and not what the company needs.

- Tips for Getting that Small Business Loan -

One of the first things is to accumulate information. Look into statistics, general response from the public and marketing strategies. Try also to sketch a budget plan as backup in case of an eventuality that will show the lenders you are prepared for everything, and that you are also a well organized, somebody to trust with money, and who will certainly end up paying on the scheduled time.

When the time comes to apply for your small business loan, make your presentation as neat and clear as possible. Act as if you were the CEO of your Corporation, even before it is a reality. Write down your presentation and learn it by heart. Use notes, graphs, pie-charts and anything that can help you make your points even clearer as to what your intention is. The main message with this approach is making it clear you are a confident and reliable; that you have the ability to put the small business loan to good use and succeed along the way.
Lenders worry about one thing: if you, as the owner of the business, will be able to pay them on the specified time, and that you will not have obstacles along the way.

- Sell your idea as a profitable business to get the small business loan -

The one thing you should never do is ask for “help”. That small word is a no-no. Offer the lenders of the small business loan a partnership. It may have the format of a loan when you get down to the paperwork, but in essence, is a partnership. Make sure to keep the greater percentage of the business for yourself. The decision-making must be all yours. The capital can come from anywhere, but the business should always be yours as it is your idea and creation.
You have the know-how and you have to show the small business loan lender that is the case. The more you know about the trade, the better and easier it will be for you to get the small business loan and the higher your chances of succeeding will be.

- Feel great and let the lenders notice it -

Organize your business plan and have some copies printed. Present them in a neat folder to the banker or the lender when you finally start searching for the loan. The fact that you have gone into all the trouble of drawing up a business plan will make you feel confident, positive and eventually great. Giving a good impression to your lenders and short-term business “partners” will increase your confidence even more. It will also corroborate to the small business loan lender that you are on the right track and that can make the difference.

Remember to ask yourself all sorts of questions you can come up with and answer them. This is a great way to feel prepare for any unexpected situation when talking to the lenders.

We have different articles on interesting topics and current and former clients’ experiences with our programs. Take a look at the different situations on Small Business Loans and related topics that people can fall into and how to keep yourself a debt free person.

Check these links to learn more:

Choose The Best Home Based Business For You

Have you ever considered starting a homebased business, but just can’t decide what’s the best home based business for you?

You are not alone! Many, many people have dreamed of having their own work at home business. But of course the “dreaming” is the easy part. Choosing exactly which and what kind of business to start is quite another matter.

But it’s not really as difficult as many would think. The task becomes a lot simpler when you can examine the many choices by way of analyzing the advantages and disadvantages of each.

If you are one of those still in the “choosing stage” here are a few factors to consider that might make your task a little easier.

1. Startup Costs

One of the drawbacks to many home business opportunities is high start-up costs. No doubt you’ve seen lots of “business opportunities” that claim to get you started for “free.”

Don’t believe it for a minute! There are always costs involved.

You will want to look for a possible home business that has minimal start up cost. But beware of those opportunities that tout start up cost that seem unrealistically low. Examine these offers with a very critical eye.

2. Time to Become Profitable

A major drawback of many business opportunities is the time period needed to begin turning a profit. Although it varies, it can take anywhere from days to months – or even years – to earn enough money to even recoup your initial investment.

Of course the time needed to recoup your investment will also depend on just how great that initial investment was. But in any event you will usually do better to choose a business that will begin turning a profit sooner rather than later.

3 Ability to Start While Maintaining Your Current Job

The problem with a lot of business start-ups is they put you in an untenable situation money wise. No matter how quickly a new business becomes profitable, there’s still a period of time when there’ll be no profits coming in.

If you are depending on your job to pay the bills, you can’t quit your job until your business lets you earn enough money to pay your living expenses. But at the same time your job doesn’t allow you the free time necessary to start your business!

The best home based business option in this case is to find a business you can start and operate part time while continuing your job, until you are making enough to quit and devote full time to your business.

4. Operating Costs and Profit Margins

You will not only need some cash to start your business, you will also need some operating capital on a recurring basis. Do a careful analysis of what it will cost you to operate the business of your choice. Choose one that will allow you a comfortable profit margin AFTER operating expenses.

5. Demand for the Product or Service

Regardless of how quickly, easily, or inexpensively you are able to start your new business, you will never enjoy success if there’s little or no demand for the product or service you are selling.

Make sure there’s a sizable market for your product or service.

5. Continuing Demand and Economic Conditions

Our economy is always changing. Businesses come and go because of economic factors, events, advancements in technology, and often because of the ever-changing needs and wants of the public. You could be making good profits one day, and the next day be watching demand for your product “dry up.”

Ideally you want to choose a product or service to sell that will always be in high demand. But at the very least choose one for which demand isn’t like to disappear with changing conditions.

6. Learning Curve

Starting any business always requires some degree of knowledge. Depending on the business you choose, it could takes days, weeks, or even months to learn what you need to know to start and maintain your home based business.

Look for a business with a short “learning curve” or for which you already have some aptitude.

7. Income Potential

Every business “opportunity” promises you high earnings potential. But just how realistic are those promises?

Always keep in mind the old adage “If it sounds too good to be true … it probably is!” Try to evaluate every opportunity dispassionately and choose a business that offers high but REALISTIC earnings potential.

8 Time Freedom

Starting a new business can be extremely time-intensive. Most entrepreneurs work 10 – 12 hours a day or more, as well as weekends and holidays, getting their business up and running.

Make a realistic assessment of the time requirements of your chosen home business, and make sure you have adequate time to devote to it.

9. Satisfaction

“Satisfaction” is a personal matter, and not one to be taken lightly.

No matter what business you choose, you are far more likely to be successful if you take personal satisfaction in what you are doing, to feel that what you are doing is worthwhile, something you can feel good about and be proud of.

In conclusion, you should start your search by making a list of all the potential choices that appeal to you. Then evaluate each one carefully and realistically based on the factors mentioned above. The best home based business for you is already out there … you just have to find it!

Best of luck in your search!

Top 10 Rules Of Success For Starting An Online Business

#10 Develop a business plan – No matter what type or size of online business you want to start, it is really important that you spend the time to plan out your business. A business plan is the perfect tool for this. A business plan will help you better understand your business strategy, competition, economic landscape and financial scenarios. Although a business plan takes a little time, you do not have to be a business expert to write one.

#9 Know your visitors – Who are you trying to attract to your website? Knowing the types of visitors that will come to your site will help you custom tailor your products, services, content, features and website presentation. As you launch and manage your online business, carefully pay attention to your visitor traffic. You may find that the types of visitors that are coming to your site are a little bit different than you had originally planned. Be adaptive and take advantage of your traffic observations by fine-tuning your website to best fit your visitors.

#8 Test and proofread – The quality of your website is the absolute first impression of your online business. Make sure you thoroughly test and proofread all of the pages of your website. Having broken links, error messages, or numerous typographical or grammar errors sends the wrong message to your customers. Think of your website as a physical retail outlet. Would you buy products from a store with broken windows or lots of spelling errors in their marketing brochures?

#7 Ask for feedback – Throughout the process of building and managing your online business, constantly ask for feedback. Feedback can come from a variety of sources: customers, family, friends and colleagues. Feedback will also come indirectly through analyzing the traffic and purchase patterns on your site. What do people like about your online business and website? Are your prices competitive? Can visitors get around your site easily? Keep your eyes open for consistent feedback trends and incorporate these suggestions as improvements to your online operations.

#6 Treat your online business as a business – When you decide to start an online business, treat it as just that, a business. And you are the business owner. Too many people dabble in online business and never succeed. Why? If it isn’t a business, it’s just a hobby or even a diversion. Get serious about your online business goals, plan accordingly, and make your internet dreams a reality!

#5 Gear up mentally – Before you get started building your online business, gear yourself up mentally. There will be challenges ahead! With the proper attitude, however, these challenges will be exciting, invigorating learning opportunities. Understand the fact that starting your own business requires work and you may need to sacrifice a little bit. If you can manage your own expectations about what is in store, you will find that the extra work and sacrifices are a really small price to pay for financial and professional freedom.

#4 Gear up financially – There is really no better, sure-fire way to go out of business than if you run out of money! Spend the time up-front to determine what startup capital your business needs to sustain itself while building revenue. Don’t stop there! Think about your personal situation as well. How much do you have in savings? How much of your savings are you willing to spend supporting you and your family while you build your online business? Understanding and managing your personal and business financial situations are critical to success.

#3 Surround yourself with positive attitudes – We all have friends and family who can be dark clouds. Most of the time they are negative because of they are woefully unsatisfied with their own lives. Perhaps you have several fair weather friends. You know the kind…they really seem to be your best friend whenever your life is in shambles. But when things are going great for you, they aren’t so happy. Regardless, distance yourself from all things negative and surround yourself with a nurturing, supportive network of friends and family.

#2 Be flexible – When you are just starting out in your online business, flexibility and adaptability are key for your success. You will likely need to adapt parts of your business model as you learn more about the business, online tools, and your typical visitor demographics. At all costs, do not equate flexibility with failure! It is the exact opposite! By being flexible and shifting your strategies to best support your market, you will position your internet business for sure-fire success.

#1 Convince yourself of success – You are your own biggest supporter and fan. Convince yourself in your heart and soul that you will succeed in your online endeavors. Have faith in your ability, determination and drive. Giving up is not an option. Sure, you may need to change certain assumptions about your business – that’s a normal, everyday thing. Light a fire in your entrepreneurial belly and have the firm conviction that you can achieve all of your online business goals and then some! You deserve to succeed!

If you need some startup ideas that are great for an online business, check out’s extensive list of online business ideas []