Raise Small Business Start Up Capital Without Borrowing

If you've been dreaming of the financial freedom that comes with being your own boss -- only to have your hopes and dreams dashed by the harsh realities of finding the business start up funding you need -- read on! Let me introduce you to the only method for successfully starting and growing a small business without BIG bank loans, bootstrap financing!
There are many shoestring financing tactics being touted by business experts as being the best way of financing a bootstrapped business. As a Start Up Business Efficiency Expert, allow me to help you sift through all of the methods that simply do not work! Let's examine them here:

Loans from Family and Friends

Although this may have worked successfully for Sir Richard Branson of Virgin Airlines, this method of start up financing doesn't work for everyone. In many cases, it causes "bad blood" between family members and broken ties for old friends.

In my own family, I have seen the devastation that unpaid start up loans can have on family relationships. A member of my family started a retail store by borrowing from 3 other immediate family members. To make a long story short - the business went "belly up" and the loans were never repaid. This caused a major rift in our family, when one of the three members that loaned some of the money became very angry about not being repaid. This kind of damage is not easily repaired. My advice? Don't borrow from family and friends to raise small business start up capital! It just isn't worth the pain.

Credit Card Financing

Caution: This is a big mistake! Although I have advised many of my clients not to go down this road, some have ignored this advice - and with disastrous results. I implore you not to trust the advice of any start up expert that would suggest credit cards as a means of business start up funding. Please don't just take my word for it! Read the true life stories of three small business owners - caught in the credit card crunch. "Credit Woes Hit Home", by Jane J. Kim is a prime example of why you owe it to yourself to do thorough research when considering some "so called" bootstrap financing options. Read the article without buying the newspaper! Check it out for free online by copying and pasting this address in your browser:
http://online.wsj.com/article/SB123879980211788403.html

Savings and Investments

Using your savings is only wise if you have first created a financial plan for your start up. I take my clients by the hand and guide them step-by-step through this process, as it is foundational for any business desiring to start up without borrowing. If you skip this vital step, your new business just isn't going to make it.

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Kimberly Kelly is a Certified Start Up Business Consultant, specializing in bootstrap start up financing. She teaches new entrepreneurs the secrets for finding free sources of business start up funding through her ebooks, seminars and coaching services. She is the author of the popular selling ebook: The Start-Up Business Survival Guide: 101 FREE Products and Services to Help Finance Your Dream of Successful Business Ownership. Visit her website at www.StartUpBusinessSurvivalGuide.com