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Entrepreneurs Find New Way To Finance Dream

Statistics show that more than one million people in the United States start a new business each year. That number would be much higher if all the would-be entrepreneurs had the financing required to get a business up and running. In order to accomplish their dream of business ownership, entrepreneurs are finding new and innovative ways to finance their new ventures. According to Leonard Fischer, President/CEO of BeneTrends, one of these financing options is the use of a person's existing retirement funds - a pension, profit sharing, 401(k), IRA, etc. Under the Employment Retirement Income Security Act (ERISA), retirement funds can be transferred into usable capital for business investments or operations. If a person has more than $40,000 in a retirement account and is not currently employed by the company that holds those funds, he or she qualifies for this Small Business Administration (SBA) - recognized financing approach to start a business. Retirement funds can be used...

Do Not Get Above Your Business

There is no greater mistake than when a young man or woman believes he or she will succeed with borrowed money. Why? Because every man's experience coincides with that of Mr. Astor, who said, "it was more difficult for him to accumulate his first thousand dollars, than all the succeeding millions that made up his colossal fortune." Money is good for nothing unless you know the true value of it (understand that money is merely a form of currency - and there are several forms of currency. Also, money as we know it is Fiat Currency . Which means it only has the value man assigns to it. It has no intrinsic or inherent value and no commodity-backed value ).

A Letter From SPS

Peace and blessings, Entrepreneurs! Never give up... Many people have a misconception of what failure is. Not those endeavoring to accomplish. Failure only occurs when you stop making an effort. Everyone wants to believe they have superior perception, incite, or perspective and often are not shy about telling you. I do not believe in failure. You give power to the things you believe in. So, I choose to believe in ownership & opportunity. And, over the last few years, I have been giving power to that belief. I did not give my focus to the beliefs of others. Also, after the first year and a half or so of starting this business, I stopped focusing on the things that were wrong and began giving my focus to adjustments in the efforts of success. Sometimes, distractions come in the form loyalties and obligations you take on. Because people are oriented into the workforce as a stage of life and a way of life, they often do not give you starting a business the same level of respect and...

10 Marketing Tips For Entrepreneurs

Nothing happens in business until a sale is made. Marketing is simply about getting new customers and keeping them. If you’re not doing something everyday to market and promote your business, your competitors are. Here are ten easy-to-implement tips to effectively market and grow your business: 1. Partner with large email database list owners and offer to cross promote each other. The list owner will advertise your event, product, or service to their email database and you’ll offer to do the same to your list. 2. Create your own blog which is like an online journal with regularly updated posts to provide key information and continue to add value to existing and potential customers. It’s more personal and immediate than a website and keeps people engaged and hopefully coming back for more. You can even create one for free at http://www.blogger.com. 3. If you want to increase word-of-mouth fast, do something beyond normal industry expectations. For example, Mr. Lube offers fast and affor...