Determine Your Small Business Financing needs

This is our eightieth lesson in the series "How To Start Work At Home Business On Strong Basis" In this lesson we will discuss how to determine your small business financing and where to find great deals on equipment and supplies to purchase and build longterm wealth.

Small business financing are nothing compared to the brick-and-mortar businesses, but you still need to make some minimum investment to launch your home business.

Starting a small business on a shoestring budget doesn't mean you can create a business for free! There's a small investment required up front to get it operational. If possible, it is better to start small, use your savings, and not worry about repaying a debt.

So, how much exactly do you need to have available to start your online home business? Find out how much starting a small business really cost.

You can use this Internet home business decision-making tool to decide how much money you need to start your business.

Often starting a business cost more than anticipated because there are more fees and small expenses than expected. But, by following a few simple steps you can help to cut the costs and save money.

Budgeting is very important when starting a business as many people find themselves constantly spending money on things they don’t need to get started. Always try and spend as much as you need but don’t be silly with the money, materials follow the law that if it is expensive it is good. Although it may not be worth what you are about to pay for it and you can probably find it cheaper elsewhere.

Determining your small business financing needs is crucial. Always budget for more than you are willing to spend that way if something comes up like an extra cost somewhere or something was more work than was thought out, then you are prepared for it. If you don’t budget then you will keep on spending and keep on forgetting where all the money is going. It is always the little things that bite you in the backside.

Home business start up capital is easily cut down by making sure you only buy what you need, there is no point purchasing something that you’re never going to use. That would just be silly and wasting money!

Costs are a very if not the most important factor in any business creation basically because you need money to start and run your home business, you can't get anything for free these days but you can minimize on the cost of things by a great deal by budgeting!

Once you budget all of your expenses, take an action to accumulate more money so that you're financially ready for a career move.

You may find it difficult to arrange funds for purchasing what you need to start and run your business especially if you are on tight budget. But don’t worry there are various options available to you without breaking your budget.

To reduce the cost of your small business equipment, furniture and fixtures, you must apply the following rules:
  • Look For Free Stuff – Try visiting the thousands of “freebie” sites on the Internet before buying business supplies. You can find free tools, software, graphics, online business services, etc....
  • Borrow Or Rent – Have you ever purchased any kind of equipment and only needed it for a short period of time? So, look around and you can find what you are looking for. You can borrow the equipment from people you know or see if you can rent it from a rental store.
  • Trade – You can trade almost anything new or used. You can trade items and services, business barter or home exchange for a vacation, boats, cars, homemade crafts, or even your time or the skills you've acquired. It's free! Try to trade for something before you buy it. Finding people to barter with can be as simple as telling your family, friends and neighbors. Just ask them to tell people they know. You can register for an online bartering service for free.
  • Used but not battered – If you can use used equipment and/or supplies, buy them. Used computers, Cars, desks, Shells, file cabinets, etc… can be found at garage sales, used stores, free publications, message boards, or online at, or any other service that much your wants and needs. Some excellent items are sometimes offered when a company decides to change place or is closing.
  • Wholesale/Bulk Buying – You can save money buying your business supplies in bulk quantities. You can use an online auction such as or any of the other services to buy items wholesale. You can also buy your items from an offline auction in your area. I buy most of my office supplies/paper through a wholesale service, and delivers them to my door. No carrying from store to car to office, which save me time and money. Great deal huh!
  • Network – Could you trade traffic, email lists, leads or mailing lists with another business similar to yours? This will cut down on your marketing/advertising costs. If you don’t have an email list, try bartering your goods or services for their leads.
  • Plan ahead and prepare – Make a list of supplies or equipment that you’ll need in the future. Watch for stores that have big sales, and purchase your items when they go on sale before you need them.
  • Negotiate - This has become a lost art. You should always try to negotiate a lower price for any business equipment or supplies. It doesn’t hurt to try. Pretend you’re talking to a used car salesman. If you can master this art you will cut your small business costs at least by 30%!
Just remember! Not all millionaires have obtained their wealth through heritage; most of them were smart business dealers.

Small business financing is within your reach. Credit is available from commercial banks and other landers. But as a small and home business starter I suggest you use your main resource which is your own pocket. Invest your own savings or ask for help from your family or friends. Remember to start small and think big. Start small in an area of your business where there is low risk and a clear business BENEFITS associated with the project and expand your business as thing begin to grow!

Don't be another online victim. Watch this video and discover the truth!

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  1. s. tweed4/09/2008

    if you need small business financing, a great place to look is private financing institutions rather than big banks. also there are a lot of government funding options for new small businesses.

  2. I'll have to keep this post in mind. I want to run a business soon, which means I can use all the help and advice I can get. Lately I've been thinking about buying a business instead of starting one from scratch. Any suggestions? Advice. Thanks so much.

  3. Anonymous9/16/2008

    Jamie - There are a lot of different resources online. One's called, which is an online global marketplace where you can buy or sell a business. It has advice and help, and you can also use it to find a lender, broker, etc.

    I also suggest checking out some books on the subject, local classifieds, and even small business groups in your area. Groups like your local Chamber of Commerce can be very helpful.

    Good luck!

  4. Anonymous9/25/2013

    Hi all, here every person is sharing these kinds of familiarity,
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