Question by Hatuton: Where can a new home based business owner get start-up money?
When starting a new company, where can the new business owner apply for initial capital?
I would like to learn from other’s people experience (established new business owners) where did they get the money for their first year of business (replacing my previous employee salary and hoping for possible 1-2 projects in the first year of operating). My business is currently home based and it employs only myself.
The Internet is full with these ”apply for government grants” promotions but from what I read it’s mainly a scam. More conservative options I read are applying to a loan backed by the SBA or maybe American Express.
Answer by Diana H
When starting with Home Interiors, you set up inhome shows and put all your profit back into your company to build it to the level you would like. You do not have to carry stock with HI, it is your choice to have onhand stock. So if you are like me and do not feel you have to carry a ton of stock you will not need to put so much money back into your company nad would be able to profit faster. But the time is the major factor, you have to be willing ot put a lot of time and energy into your company or it will not make it off the ground. Also I always tell everyone “you have to be willing to invest time and money into your company or you will not get anywhere”
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