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           A Home-Based Business Online


            Issue 167 : January 13

          Sent to 15,099 Opt-In Subscribers

          Editor: Elena Fawkner
           Publisher: AHBBO Publishing
           Contact By Email



           IN THIS ISSUE

        1. Welcome and Update from Elena
        2. Home Business Idea of the Week
        3. Feature Article - Financing Your Home Business
        4. Surveys and Trends
        5. Success Quote of the Week
        7. Subscription Management
        9. Contact Information


        1. Welcome from Elena

        Hello again and a warm welcome to all the new subscribers
        who have joined us since the last issue.

        So, you have a great idea for a business and, more importantly,
        the know-how to bring it into creation. The only thing you're
        missing is the cold hard cash to get started. What are your
        options?  Check out this week's feature article, "Financing Your
        Home Business", for the answer.  It's at segment 3.

        The AHBBO subscriber-only 2-for-1 sale is in its last week.
        From now until midnight (PST) January 19, whatever
        advertising you order you get the same again, absolutely free,
        no limits.  This is your chance to get your 2003 advertising
        campaign off to a flying start, so don't miss out.  Full details
        at segment 6.

        As always, thanks for reading and I hope you enjoy this
        week's issue.

        Remember, AHBBO is for YOU! If you have comments or
        suggestions for topics you would like to see addressed, or
        would just like to share your experiences with other
        subscribers, I want to hear from you. Please send
        comments, questions and stories to Contact By Email .



        2. Home Business Idea of the Week - Utility Auditing

        Auditing is not a matter of magic. If you have the patience to
        sort through regulatory tariffs and have a keen eye to spot
        billing inconsistencies, you can conduct an audit.


        Auditing utility bills has become one of the most popular areas
        of concentration for auditors because of the inherent complexity
        of billing for utilities. Utility rates are highly confusing because
        they differ depending on type of service, volume of usage, and
        promotional packages offered at the time of installation.


        Utility auditors earn commissions, usually around 50% of any
        overcharge they uncover. And this is where you may need to
        exercise more of your patience. Although utility companies
        would gladly settle a verifiable overcharge (relatively quickly
        out of court), it may take them up to six months to issue any
        refund. This is particularly true with larger utility firms.


        Most clients prefer to pay auditors on commission basis for
        two reasons: no upfront cash outlay, and no risk if the auditor
        comes back empty-handed. For the auditor, working on
        commission offers distinct advantages: it makes it easier for
        them to land clients, and it usually enables them to earn more
        than if they would take a basic fee.


        The biggest challenge facing auditors is to get a potential
        client to admit that there is a high probability that they (the
        client) overpaid for their utilities without knowing it. This issue
        is usually not a problem if the client is a small business where
        the owner makes all the decisions. However, the executive
        committee of a major corporation may feel threatened that
        they'll be held accountable for irresponsibly overpaying for

        Your job is to convince your potential client that overcharging
        does happen and that it is the job of an outsider auditor, and
        not people from within the company, to fix the problem.


        This is just one of over 130 ideas from the new "Practical Home
        Business Ideas From AHBBO" e-book. Find out more at
        new small business ideas .


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        read the sales stats from one site last quarter...24 Affiliate
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        $3,725.00, 240 new sub-affiliates, and multiplying daily. You
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        those stats if you act quickly at


        3. Feature Article: Financing Your Home Business

        © 2017 Elena Fawkner

        So, you have a great idea for a business and, more importantly,
        the know-how to bring it into creation. The only thing you're
        missing is the cold hard cash to get started. What are your

        Assuming you don't have a ready line of credit, an expansive
        bank manager, wealthy relatives or a substantial stash of
        retirement savings you're willing to risk, you're going to have to
        do some serious homework and legwork. Fortunately, there
        are a number of sources of finance for the fledgling small business
        entrepreneur, at least one of which may be right for you.

        SBA LOANS

        Available only to U.S.-based businesses (but look for similar
        programs in your own country if you're outside the U.S.), the SBA
        (the U.S. Small Business Administration) has assisted thousands
        of entrepreneurs start their own small businesses. The SBA
        doesn't issue grants (money you don't have to pay back) or make
        loans directly, rather, it guarantees loans made by private lenders
        thereby reducing or eliminating the risk inherent in new business
        ventures and making lenders more willing to lend.

        The primary consideration for the SBA is repayment ability from the
        cashflow of the business as well as "good character, management
        capability, collateral and owner's equity". You will be expected to
        personally guarantee your loan. This means your personal assets
        are at risk.

        As for the types of businesses eligible for SBA loans, the SBA
        imposes the following criteria: the business must be "for-profit" (all
        that means is that your business have a profit motive, not that it
        have actually generated a profit yet), be engaged in business in the
        United States, there must be "reasonable" owner equity (what's
        reasonable will depend on the circumstances) and you are expected
        to use alternative financial resources first, including your own assets
        where practicable.

        The SBA also imposes limitations on the use of loan proceeds.
        For example, although the proceeds can be used for most business
        purposes (the examples given by the SBA include "the purchase of
        real estate to house the business operations; construction,
        renovation or leasehold improvements; acquisition of furniture,
        fixtures, machinery and equipment; purchase of inventory; and
        working capital"), you can't use the loan proceeds for financing
        floor plan needs, to pay existing debt, to make payments to the
        business owners or to pay delinquent taxes etc.

        As a general rule, loans for working capital must be repaid within
        seven years and loans for fixed assets must be paid for by the
        end of the economic life of the assets (but not to exceed 25

        Interest rates are negotiated between the borrower and the lender
        but the SBA imposes maxima which are pegged to the Prime

        Finally, the SBA charges lenders a guaranty and servicing fee for
        each loan approved, and there is nothing preventing the lender
        oncharging these fees to the borrower. The guaranty fee for a loan
        of $150,000 or less is 2% of the guaranteed amount; over $150,000
        but below $700,000, it's 3% and above $700,000 it's 3.5%. The
        annual servicing fee is 0.5% which is calculated on the then-current
        loan balance.

        Where the borrower meets the SBA's credit and eligibility
        requirements, it will guarantee up to 85% of loans $150,000 and
        less and up to 75% of loans above that amount (up to a maximum
        of $1,000,000).

        For more information about the various SBA loan programs, visit
        the SBA website at http://www.sba.gov.


        At present, there are no U.S. government grants offered for small
        business. If you're outside the U.S. check with your own
        government about the availability of small business grants. You
        never know!

        Various corporate grantmakers make grants available for small
        business though. For more information, visit
        http://www.fdncenter.org/funders/grantmaker/index.html .


        Angel investors are good souls with a healthy sense of self-interest.
        Figuring they can get a higher return if they're prepared to take a
        bit of a risk, they're also often successful entrepreneurs themselves
        and want to give their fellow travellers a hand up.

        Think of funding from an angel investor as a bridge or gap-filler
        between being a start-up and qualifying for venture capital. The
        kinds of dollars we're talking about here are between about
        $150,000 and $1.5 million. Beyond that point you're in low
        venture-capital territory.

        The SBA estimates that there are around 250,000 angels in the
        U.S., funding about 30,000 companies a year. So, how do you
        hook up with one? Not an easy task, unfortunately. It comes
        down to networking. Start by talking to professional and business
        associates - they will often know someone who knows someone
        etc. Also, check out ACE-net if you're prepared to sell a security
        interest in your company. It's an internet-based listing service for
        securities offerings of small, growing companies. The website is
        at .


        you're in the big leagues now. Generally you're in the ballpark
        of millions (of dollars that is) rather than thousands. Venture
        capital firms look for their return on investment from capital
        appreciation rather than interest (unlike banks, for example).
        They're generally looking for a return of 500-1,000% on exit.

        It won't surprise you to learn that venture capitalists are particularly
        leery of internet-based businesses right about now and not
        surprising. It also serves them right. But if you have a solid
        business plan and strong growth potential, this could be an option
        for you longer term.

        One of the common concerns about this form of financing, however,
        is that you may have to part with an unacceptable amount of
        control over your own business. In return for their risk, venture
        capital firms will usually want some control over how the business
        is run and a say in business decisions. A venture capitalist will
        expect a seat on the board, for example.

        It's important to remember, though, that it's in the venture
        capitalist's best interests for your business to succeed, so giving
        up some control in exchange for outside expertise may well be
        something worth thinking about.

        To find venture capitalists, get a hold of "Pratt's Guide to Venture
        Capital Sources" for a listing of 1,500 or so including names,
        contact details and areas of interest. Of course, you'll find no
        shortage of information online as well.

        For most readers of this article, your best bet would be to start
        out by investigating the various loan programs offered via the SBA
        (or your country's local equivalent). But don't overlook more
        obvious, close to home sources first. If you have family funds at
        your disposal (for example) and you're confident that your
        business will succeed (and unless you're confident about that, don't
        get into debt with *anyone*, let alone family members), better to
        start out slow and ease into outside sources of financing as your
        business (and, more importantly, your business's cashflow) can
        support it. After all, Uncle Jack is much more likely to be
        understanding about the occasional cashflow crunch than Uncle


        include the following resource box; and (2) you only mail to


        practical business ideas, opportunities and solutions for the
        work-from-home entrepreneur.


        4. Surveys and Trends

        © 2017 Ryanna's Hope

        Larry's taking a breather this week.  Extracts of "Surveys and
        Trends" will return next week. Subscribe using the link below
        for the full issue.



        5. Success Quote of the Week

        Life is what happens when you are making other plans.
          -- John Lennon


        7. Subscription Management


        To SUBSCRIBE to this Newsletter:
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        If you find this newsletter valuable, please forward it
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        9. Contact Information

        Elena Fawkner, Editor
        A Home-Based Business Online
        Contact By Email


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