Video from our FREE Online Business Course www.myownbusiness.org Session 9 How to Finance Your Business Question “Raising start-up money is one of the great hurdles in starting a business. Would you have any recommendations or some basic do’s and don’ts as to how people should go about this great challenge?” Rod Banks Executive Vice President, City National Bank Topics covered in this video: Starting a business, financing, loans, writing a business plan Transcript: First off, before you begin to think about getting your start-up money together, you need to have a business plan. And once you put the business plan together it will help you to determine how much money you need to start your business. Once you determine the amount, then you’ve got to decide: where is the best place to get it? In today’s world it is very difficult to go to a commercial bank–the typical bank you see on the street– for a start-up business type of loan. A lot of first time entrepreneurs will start off by using their own personal savings or look to a friend or a relative to see if they can get a friendly partner in with them. Some people will look at putting a lien to some degree on their home. Because of the credit card boom, a lot of people today will take credit card solicitations that come out. And it’s perfectly okay to take one of these low interest rate credit card offers if you manage it in a very responsible manner.

In order to finance a start-up business, banks may require a guarantee from the Small Business Administration. Investigate business financing with tips in this free entrepreneur advice video from aprofessional business consultant. Expert: Emily Gasner Contact: www.tmcworkingsolutions.org Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs. Filmmaker: Sam Lee

Nabers Group www.Nabers.com Looking to fund a new franchise or personal business venture with your retirement funds? Authors Jeff Nabers and Phoebe Chongchua (Five Steps to Freedom How to Cut Your Dependence on Institutions and Escape Financial Slavery) suggest that using an investment structure known as Rollovers As Business Startups (ROBS) to fund a business startup or franchise is a prohibited transaction. Jeff Nabers is CEO of Nabers Group, an unconventional planning company in Denver, Colorado. His research and personal dealings with the Department of Labor compel him to recommend against the ROBS strategy. Nabers Group can be reached at (877) 903-2220.

Gold has a value of security
I see that for the last time people prefer talking about gold investment. So I’d like to do the same right now. If you decide to invest in gold, I’d like to recommend you investing in precisely physical gold, because so called e-gold can’t be considered to be a very important value. In other words any kinds of electronic currencies supported by gold aren’t supposed to be the value of security. To my great regret we have already seen, especially lately how helpless can be the whole electronic world.

If something bad happens you will face certain difficulties to get access to your property. I want to inform you that if anything occurs in the world markets, this e-gold can be simply blocked. Even in relatively stable times e- gold has got a lot of restrictions to access. However, it’s up to you to take a decision on the location of your physical gold. And it goes without saying that it will always be “at hand”. Gold is a very good investment security, because in any kind of emergency cases gold tends to retain its value. Moreover it’s able to maintain its gradual growing. This investment does not lose its value even when a complete change of the state system occurs.

Certainly you’d better practise anonymous gold investment. One of the key word of gold investment is its anonymous status. I mean that the purchase of gold won’t make you worry that you neighbors are able to assume that you have purchased the property. Unfortunately, envy and “peeping into the pocket of a neighbor” has not disappeared in our society.

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