One problem women entrepreneurs often encounter is where to find funding for their business venture. Check out the following list for a few ideas.
Job Revenue: That's right. Don't quit that day job just yet. Many women start their home business part time while still working at a full time outside job.
Personal Savings: Many women home business owners look to
finance their venture with personal bank account. Or other personal resources such as savings bonds, stock, etc.
Credit Cards: More women than you might think fund their startup with their credit cards. This is risky, but a quick way to fund your business.
Friends and Family: Many women entrepreneurs look to friends and family when starting a new business. Often, money is loaned interest free, which is to the business owners best advantage.
Banks, Credit Unions: Prepare a good business proposal. The bank or credit union might consider you a good loan prospect and fund your business. This might be a long shot because many of these institutions will not consider the business owner unless they have a proven track record or an established business.
Garage Sales: Start spring cleaning. Clear out those attics, basements, closets, of all unwanted items. Garage sale profits might easily fund your complete startup cost.
Ebay Profits: Register with Ebay, the online auction site. Your trash could easily be someone's treasure. Heh, you might even consider starting a business selling items on Ebay!
More Resources For Funding Your Home Business!
(C)2005 BB Lee
Entrepreneur's Guide To Business Law
What do you do?
You run! Of course you run. But, let's say he catches you by the arm. What do you do now? You struggle! You try to get away! Natural instinct, right?
Too many entrepreneurs are chasers! They chase their potential customers with cold calls, and emails and faxes. And what do their prospects do? They try to escape! No one likes to be caught! It's dopey. Because what works, is exactly the opposite.
Business is a seduction.
If you learn the art of attraction, you'll never have to make another cold call again.
Cold Calls Leave You Cold?
I'm not saying cold calls don't work. They do. But cold calling is chasing. Cold calls diminish the caller and creep out the "callee". They're an intrusion. They're UNcomfortable and they're UNnecessary.
Today, most products and services are bought not sold. We have no patience for the Willy Lomans or the used car salesmen of the world.
So how do you attract new clients? You gotta know the 3D's.
1.Don't Bore Them.
2.Don't Bore Them.
3.For G-d's Sake, Don't Bore Them!!
Business doesn't have to be boring! As famous adman David Ogilvy said ?You can't bore people into buying.
Ever been to a Business Networking Event at your local Chamber of Commerce? They don't call them the "Bored of Trade" for nothing!
Up stands Yackety Yackerson. Followed by Blahy Blaherson. Then Yada Yada Yanderson. Then it's time for the keynote speaker. Boreme Some Morrison!
Sometimes I find myself at one of these meetings, stuck between an accountant in a blue suit and a financial planner in a grey suit and I'm thinking, if one of them drops a little scrambled egg on his lapel, at least it'd add a touch of color!
How do you make sure you're not one of them?
Be careful what words you use.
Don't be using words like...
* Technology
* Solutions
* Advanced,
* deliverables,
* value added,
* "best customer service"
* module,
* HR
* IT
* communications
* integrated
* core competencies
* corporate
* systems
* soft skills
* "We service small to medium sized businesses"
* "For all your blah blah blah needs"
What do these words have in common?
* Colorless
* Meaningless Filler
* We don't know what you mean
* We don't believe you anyway
* Can't see them!!
* No flavor
* No story
And don't be giving us a shopping list of your benefits either. Me, I'd rather be stuck in the dentist's chair, listening to Barry Manilow, than in a business networking meeting full of people spouting their benefits out all over the place. These are often the same guys who force feed you a brochure or two or ten, just in case you want to rush right home and read all about their business or maybe take a few pamphlets around to the neighbors after dinner!
Don't feel stupid if you've done it. We've all done it. But it's NOT what gets you clients. You gotta learn to attract new prospects by creating a colorful persona and brand so that clients will chase YOU!
Both Bb Lee & Tsufit are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Bb Lee has sinced written about articles on various topics from For Women Entrepreneurs, Franchise and Home Management. BB Lee is editor/publisher of SmallBizBits Newsletter/. Bb Lee's top article generates over 1900 views. to your Favourites.
Tsufit has sinced written about articles on various topics from Marketing, Trucks and For Women Entrepreneurs. TSUFIT is an author & coach specializing in helping entrepreneurs & keynote speakers & authors captivate their audiences. For short practical tips on how to attract rather than chase your prospects sign up for Tsufit's 11 F.r.e.e. Secrets from the Spotlig. Tsufit's top article generates over 165000 views. to your Favourites.
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