Starting Your Own Business

How exciting. You have probably been thinking abut starting your own business for quite some time now. The job
market is rough and you have said, it's time.

There are hundreds of different opportunities out there today to be an entrepreneur. If you combine all the different businesses in the United States that help entrepreneurs incorporate their business, it adds up to over 180,000 new incorporation's each month. That means there are potentially 180,000 new ideas and opportunities every single month. All you have to do is pick one.

The very first thing you have to think about before you can even start thinking about growth or employees or a company name, is you. You need to ask yourself the purpose for going into business as an entrepreneur. What is the drive, the motivation? Do you have a passion that you have always wanted to fulfill? It is important that you find what is driving you inside, to be an entrepreneur. Why is finding this piece of you so important? You are going to need when you're so far in it and there is no way out but lots and lots of hard work. You're going to need it when you feel like you have hot rock bottom.

Once you have come up with why you are going into business and you have somewhat of an idea in mind, you need to put it on paper. One of the biggest mistakes an entrepreneur can make is start the business first, and then plan for the business. We call that putting the cart before the horse. A business plan is crucial when you start your own business. A business plan will not only give you a direction to go in once you have started your business, it will keep you focused on the original vision.

OK, so you have found what motivates you, you have created a bullet proof business plan so you know what road to go down, and now you need to establish a solid corporate foundation. A business is only as good as its foundation. There is going to be a time in your businesses life cycle where it is going to need things. Employees, computers, office space, business cards, telephones, email, money. In order to have all of this at the tip of your fingers and accessible whenever you need it, a solid corporate foundation is what you must have in place.

A solid corporate foundation starts with how you are going to incorporate your business. Make sure you do your research on how to incorporate your business. Once you have incorporated your business, you now need a business bank account. All funds that are received via your new business need to flow in and out of a corporate bank account. Once you have set up your bank account its now time to get started on building your business credit score. Just like before you were 18 years old you had no personal credit score and no bank would give you a loan; your business acts and performs the same way. With no business credit score, no bank or lending institution will give you a small business loan without using a personal guarantee.

There you have it. You have done all you need to do to start your business the correct way, and now its time to make some money.

401K and Retirement Fund Business Financing

Create the Life You Want

Use your retirement funds to finance a business or franchise.

By rolling your existing IRA or 401(k) funds into a new corporation’s 401(k), you can invest in franchise ownership or an entrepreneurial venture without having to take out a loan, and without tax or distribution penalties. As your business grows, do your retirement savings. With as little as $50,000 in retirement funds.

401K and Retirement Fund Business Financing You Can:

 - Utilize funds from retirement accounts like IRAs, 401(k)s, 403(b)s, Keoghs, and SEPs
 - Combine your funds with those of a business partner or spouse
 - Use in combination with other funding, or to help you qualify for an SBA or unsecured loan
 - Increase your success rate by taking money you’d be spending on interest, and investing it back into your business
 - Eliminate your personal liability by avoiding pledging your home or other assets as loan collateral and potentially jeopardizing your personal credit
 - Maximize tax-deferred benefits by deferring business profits in a tax-deferred environment
 - Invest in yourself—after all, you’re a better risk than today’s volatile stock market
 - Own a business in less than a month.