A Wise List Of What To Look Out For When Starting An Online Home Based Business

And there was light.Here is a wise list of what can help you gain the most with your business opportunity search…1. The very first thing to look for is to look out for hype. Many online businesses now a days and even back 15 years ago (that I can remember) try to out shine one another by saying this is the one and only business that you will ever need. They promise you the moon and stars for nearly no work at all (but they will certainly take your money), my advise, read reviews about the business if they have any. Do your homework. If they appear to be sound, after your homework is done, proceed. Join them.a) If you know in your gut (discern) that it’s nothing but hot air, don’t waste another minute of your precious time reading their hype. Some may say, “well it’s only $50 bucks or $100 bucks or even $200 bucks,” and yeah, sadly that’s what millions of others said before you and I (from my distant past) and we never saw it coming, the moment when we said, “I don’t want to do this, I just want to earn money online but not this way.”Be mindful of your time. Your time is precious on planet earth. Give yourself a break and invest your time in worthy causes, life changing businesses that are solving problems and not just making money at other people’s expense. It will catch up on those who do that sooner or later. I’ve seen it first hand from the side lines. By doing a little homework and careful planning and doing the right things, you’ll feel good about working with a online business you can share with your kids or grand kids.- Me, I’m all about morals. I love people, not money. Money is a useful tool and yes I like everyone else will use money daily, weekly and so on but money is not my god. When you win people’s heart, the money will come if you are persistent, have a goal and never quit and treat people better than you would like to be treated, it will get better in time, trust me on that.-2. If you are low on finances, you can earn money online by entering paid surveys. This is a great way to invest your time online outside of your day job. I know I have made money through surveys and when you get that money in your PayPal account, it’s like WOW, now I have extra money and I can do what I was planning.3. Also if you are low on investing into a business opportunity consider participating in focus groups. Focus groups are generally places in big cities (and some online) where you discuss a topic, a product or something of value where they need your unique view point about a matter and by doing so you will be paid for your time.
I have participated with quite a few focus groups in the past and I have been compensated for tasting candy bars, watching TV commercials and giving valuable feedback long before the product/or ad went public. You can earn extra money to fund your business opportunity and it’s great to know that with focus groups it’s your opinion that gets you paid.


There is no right or wrong when it’s your opinion that counts and anyone can do that.4. I have learned the hard way years ago to never and I mean never put all your eggs into one basket. Doing so will either (sadly) wake you up or could crush all your hopes and dreams. It’s always good to keep your options open when it come to business. Meaning if this one business opportunity doesn’t work for you and you gave it your all (and there can be multiple reasons why it didn’t work out for you), it’s always good to have a few logs in the fire to fall back on for just in case. Again it’s good to stick with one main business opportunity and give it your all but its good to have a few or at least 2 others in reserve.a.) Think about this, you are here now because you survived 1 out of 40 million sperm. You swam through an extremely long way through life to give up now! You can’t quit! You have a purpose! How can I say that? You are here, the other 40 million sperm are not! Tell yourself, “I was born to win, winning is much more than my personal goal, winning is my destiny because I am here and I am a winner, that’s what I am!” Believe that! Never give up on your dreams. You were made in the image and likeness of God. Respect that and cherish that truth. Tell yourself everyday that no matter what, I was born to win!5. When you do actually find a good online business that you can see yourself doing at least 5-10 years from now or longer (this is a good sign) spend quality time to find out all your can about it before pulling the trigger. Meaning read it, re-read it and bookmark it and come back to it the next day or few days later. Also if you are a believer of the faith, spend some time praying about it. Seriously. If the same energy is there after a few days or so, go for it. If not, don’t give up, as Sade song reminds me, “don’t walk around with a frown, oh no, keep looking.”6. You can sell other people’s products or service and make a commission when a sale is made. That’s called being an affiliate marketer. You create or follow a niche and post/promote about that niche and drive traffic to your post on a blog or website, through social media and that’s just for starters. Bloggers can make a really good extra income if you love to write. Find your niche or niches and start typing. Writing can either fund your dreams or it just may be your dream. Don’t give up.7. Never put yourself down and never hang around others who do put you down. In any business you need positive vibes, good energy to make it in this in this world (or the cyber universe for that matter) because there’s a lot of ups and downs for any and every entrepreneur. Learning from the greats, you have got to stay on point and stay clear from toxic thoughts which come from toxic people. Be the difference you are searching for.8. Don’t sign up for too many seminars from gurus and such. If you did, you can feel like you’re being pulled in every direction when you are listening to 10 different points of views. Focus on 1 person or no more than 3 people who you believe can and will help you reach your goal. Everyone’s goal is different. You may desire to make anywhere from $40,000 to $100,000 a year from the comfort of your home while someone else has a huge goal to making $40,000 to $100,000 a month. And then another may have a bigger goal to making $40,000 to $100,000 a week. The point is don’t over do it with the goals. Be honest with yourself, have a goal and stick to it. A goal that you believe you can accomplish and don’t have a goal to try to out do someone else but instead, you challenge yourself to see if you can do better each and every year.a.) It’s better to be prepared for an opportunity and not have one than to be not prepared when an opportunity presents itself. Have some money set aside just to fund your vision, or to invest in an opportunity.
Plan on reaching your goal. See yourself reaching your goal in your mind. Make a habit of writing things down that make an impact in your life. Expect to reach your goals by focusing with all your heart and mind and seeing yourself at the finish line receiving your rewards. Do what the 95% of the world simply won’t do. Be the 5% that you and I need to see everyday. Go the extra mile because the road is not crowded up there.9. Join a business that is solving a problem and not creating one. I will share one such business I believe that can and will change your life that you can feel good about later on. Join with like minded people who share your core beliefs, your vision and are supportive and helpful. No one likes contacting a business that will gladly take your money but will respond to your queries weeks later after you sent a few request. Do your homework. Make sure you’re working with the best or at least one of the best in your niche business type. Good businesses (if they are fairly new) will do whatever they can to help you if they see your sincerely care about their business. Larger ones may or may not but depending on the vision of the company. Check up on the stories they write, what others are saying about them. See if they are really solving a problem or creating one. Again I will give my best pick of 2017 of which business you should join, soon.


10. Make yourself a to do list and create a must do schedule. We must have a goal. I must say this again that goals are vitally important for our success. Those who never plan, plan to fail. Always set a goal and look at it everyday. Earl Nightingale is famous for many quotes and one of them is, “you become what you think about.” It’s true, whatever is on your mind daily, you’re moving towards it, daily. If nothing is on a person’s mind, well then sadly that person is moving but going no where. It’s very important to have goals in life. Write them down. Look at them daily, 3-4 times a day. My advice, write it down and place it in your wallet (pocketbook), pull it out from time to time to look at it. Write it on paper and stick in on your wall, post it on your mirror in the bathroom. If you see it a lot, it will be on your mind a lot.My personal advise, don’t quit your day job until you find something that you enjoy doing and that you can see that what you’re bringing in online is very close or more than you are making at your day job. Unless you have a nice stash of cash that you can live on for a year or more again don’t quit your day job. If you can, try to work less hours on your day job so you can put more hours into your dreams. I remember I worked in a medical office and I work 3 days a week there and 3 days a week at home on my online businesses and yes I didn’t go to he movies much, like once a year. I didn’t buy new clothes for several seasons but I was making progress little by little because I had a goal. Work on your goals daily, little by little. Devour the elephant day by day, month by month and stay with it. Don’t try to eat an elephant in a day when it takes months to consume.

Alternative Sources of Business Growth Finance: There Is More Than One Way to Fund Growth

Talk to any business owner or read the business section of any newspaper and you’re likely to come across stories of struggles to access sufficient finance to grow or maintain their business. But we are beginning to witness a change in how business owners access finance with many now actively seeking out alternative sources.

A survey carried out by the UK’s Forum of Private Business found that 26% of businesses were hunting out alternative financial products, with 21% seeking them outside of the traditional main High Street lenders. In fact, in another survey undertaken by the Federation of Small Businesses, it was discovered that only 35% of respondents used a traditional overdraft facility in 2011.

So, if banks are continually reluctant to lend to all but the lowest risk businesses, how can the remainder of the UK’s business population finance growth? Here are some of the increasingly popular alternative sources of finance to investigate.

Better Management of Working Capital

This may appear to be an odd source of finance but very often businesses are sitting on undiscovered cash reserves which can be used to finance growth. A report issued by Deloitte in 2011 revealed that the UK’s largest businesses were sitting on £60 billion of unproductive working capital. Inefficiencies in how working capital (debtors, stock and creditors) is handled can unnecessarily tie up your cash. Cash can be unlocked and released back in to the system thereby allowing self-financed growth plans by taking a close look at credit procedures, how credit terms are granted and how outstanding payments are chased.

Ensuring that stock is kept at an optimum level via better inventory management is another area where cash can be released to support and finance growth. Take a good look at your inventory management process and identify areas where cash is trapped.

Good management of working capital is not just about better control of debtors and stock, it is also about maximising the terms given by creditors. Are you too eager to maintain a first class relationship with your suppliers by paying well before the due date? You can positively impact your cash position by taking full advantage of terms offered by your suppliers. Have you fully leveraged your position by seeking an extensive of terms from say 30 days to 45 days?

Being more efficient in how working capital is managed can release sufficient funds to self-finance growth plans.

Personal Resources

With traditional avenues of funding being more difficult to access business owners are now looking to their personal resources to fund growth. Whether it be drawing on cash savings, using personal credit cards or taking additional mortgages on residential properties, such sources are an instant solution. A survey by the Federation of Small Businesses found that 33% of respondents had utilised their savings to fund growth. As well as being more immediately accessible using personal resources is often a cheaper source of finance.

Family and Friends

Sometimes referred to as the three F’s – family, friends and fools – this can appear to be a less stressful way of raising finance. In some ways it can but it can also be a journey fraught with danger. Tapping into their personal network business owners source finance by either seeking a loan and offering to pay an interest rate higher than that on offer on a High Street savings account, or offering a slice of equity in the business in return for investment.

Raising finance in this way can be relatively easy because the request and fulfilment is very much based on personal trust. Typically a Business Plan would be presented highlighting both the investment opportunity and the risks but at the end of the day success is down to the depth of the relationship and level of trust.

The danger in raising funds this way is that the nature of the relationship will change from that of a personal nature to a business transaction. Failure to regularly pay as per agreed terms, or even total failure to pay, can irreparably damage the relationship so tread with care.

Asset Finance

The Asset Finance industry is based on the concept of either preserving cash or speeding up access to it. Asset finance, which consists of invoice discounting, factoring and funding of asset purchases, has been available as a source of finance for many years, yet it’s only now gaining more recognition. Figures released by the Asset Based Finance Association, a trade association representing the industry, show that to the third quarter of 2011 the amount financed by the Association’s members increased by 9% compared to the same period in the previous year. Whilst the increase may not seem significant it is against the backdrop of a fall in traditional bank lending.

In a world where ‘cash is king’ asset financiers help preserve cash by financing the purchase of assets such as vehicles, machinery and equipment. Because the financier is looking to the underlying asset as security there is usually no requirement for additional collateral. According to the Asset Finance and Leasing Association one in three UK businesses that have external finance now utilise asset finance.

Asset financiers can help speed up the flow of cash within a business by allowing quicker access to cash tied up in the debtor book. An invoice discounting and factoring facility gives businesses the ability to immediately access up to 80% of an invoice instead of waiting for the agreed credit terms to run their course. Such finance facilities will speed up the velocity of cash within the business thereby allowing the business to fund a high rate of growth.

New players such as Market Invoice are entering the market to allow businesses to raise finance against selected invoices. Tapping into high net worth individuals and funds Market Invoice acts as an auction house with funders ‘bidding’ to advance against certain invoices.

Crowfunding and Peer-to-Peer

A relatively new phenomenon is the concept of raising finance by tapping into the power of the crowd. The historically low rates of interest payable on savings have led to depositors seeking out new ways to increase their returns. With business owners struggling to raise the funding they need it’s only natural that a market would be created to bring these two parties together.

CrowdCube entered the market in 2010 to match private investors seeking to be Dragons with those businesses looking to raise capital. Once a business passes the initial review stage their proposal is posted on the site and potential investors indicate the level of investment they wish to make with the minimum amount being as low as £10.

Businesses looking for a more traditional loan should consider Funding Circle. Established in 2010 Funding Circle also matches individual investors looking for a better return with those businesses seeking additional finance. Businesses can apply for funding between £5,000 and £250,000 for a period of 1, 3 or 5 years. As a minimum the business has to have submitted two years Accounts with Companies House and be assessed in order to arrive at a risk rating which guides potential investors.

As the crowd sourcing concept matures we are likely to see more players enter this market to capitalise on the need for better investor returns and easier access to business finance.

There is More Than One Way to Fund Growth

Accessing finance to fund growth plans does not have to be difficult if you are prepared to seek out alternative providers. Funding growth is now no longer the exclusive preserve of the traditional High Street bank and it’s now down to business owners to seek out the alternative routes.