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Loans For Small Business Owners

Entrepreneurs are some of the most ambitious, adventurous people in our society. Without the people willing take a risk our society would not be where it is today. With the economic climate as shaky as it is in our current state some small business owners are looking at loans for business expenses, equipment, advertising and other business related expenses. Growth in these times is often difficult without the backing of some type of financial source. Financing these days come from many sources traditional and non-traditional.

First let us look at a loan for small business owners specifically. The SBA express loan was launched to offer small businesses a chance at a loan backed by the SBA with little hassle in regards to application. Qualified applicants can obtain a loan for up to one hundred and fifty thousand dollars and are guaranteed to receive a decision within thirty-six hours. The SBA express loan alleviates small business owners from having to go through all of the paperwork that is originally identified with the standard SBA loan.

Next small business owners should look into their local community banks for financial backing. Although the options in financing may not be as varied as a financial giant smaller community banks offer something large lending institutions cannot and that is their flexibility in dealing with entrepreneurs. This is something very valuable when owners are looking into financial backing options.

An asset backed borrowing option can be the right choice for some. This is a way to reduce the risk that entrepreneurs present to financial institutions. Offering up assets as backing to loans can often help to decrease the credit-risk premium. If this is the only way to go don’t be discouraged, asset backed loans don’t narrow the terms of the loan. That is not the case at all. Assets can be anywhere from a home-equity line of credit to a SBA loan backed by a child’s college savings account. Pricier options entail loans linked to company’s receivable or contracts billed.

A cosigner is another option for small business owners needing financial backing but not able to obtain financing on their own. A co-signer is needed when the history of the applicant, in this case the small business owners, has a lacking credit history. This is a tricky situation for new business owners to get themselves in because the co-signer then becomes liable for the payments on the business loan if the owner defaults. With new businesses the statistics for success are not weighted in their favor so this is a risky option for a close relationship. It is best to look outside of this option until it is apparent that all other options have been exhausted.

Loans for equipment, startup and growth amongst other things are all incredibly important reasons for a small business owner to be looking for capital funding. It is important that as a society we look at small businesses within our communities and support them financially with our business to help them succeed. With their success comes growth for communities, local and state governments not to mention national growth. With the economic stupor society is in today it is important that people willing to take risks involved with business ownership are rewarded with business.

Network Marketing Business Plan – The Number One Item You Should Be Working On – Stop Struggling

What if there was a way to stop struggling and failing in network marketing. Multi-level marketing is a business in which 97% of the individuals that get involved in it, struggle and fail. One of the reasons that so many do so is because the majority of marketers come into to the business without business plan.

Having a business plan is the number one thing that separates those that struggle and fail in this arena from the ones that don’t. It’s like having a road map that tells you where to go and how you’re going to get there.

I was recently with some of the industries leaders at a network marketing conference and this is the blue print that the top 3% of recruiters use for their success.

In your business plan you have to focus on these three things to ensure your success:

Construct a huge list:

The most beneficial asset that you as a marketer can have is your personal list. You can very easily say that your list is your business, no list no business. Take this example for instance, say that your primary company goes out of business for some reason or another; you’ll still be in business because of your list. You a can take your list with you to another company.

Also with your list you can monetize it with either your products or affiliate products that you sell from time to time. Whatever strategies that you use to build your list make sure to brand yourself as the leader in your business opportunity. You have to take the lead at some point, only leaders make it in the business of MLM.

Build a Relationship with your list:

Rare thinking people such as yourself already know that in business one of the first things that a company does is try to build some sort of relationship with you. That’s why they ask for your e-mail address, so that they can contact you. This is even more the case in network marketing, keep in mind that people join people and they buy from people they trust.

You develop a relationship with your prospects, simply by giving them value. Ask yourself what are some things that you can give your prospects for free which will benefit them and attract them to your business opportunity, how can you help to solve their pain.

Sell to your list:

Don’t leave any money on the table, like a card player takes it all with you. This is where most marketers fail, they do a decent job of promoting their business, but they miss the mark when it comes to monetizing it.

You need a system in place that encourages your prospect to buy something from you while there making the decision to join you in business. Even if they never get into business with you, at least you have generated some capital to help keep you in business.