#online business loans



Online Applications for Small Business Loans

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

Do you need financing, but don’t want to deal with the hassle of a traditional bank? Our online applications for small business loans may be your answer.

When your equipment is down or your supplies are low, you don’t need a trip to the bank, you need a fast online business loan application without a cumbersome, lengthy process.

Our online financing applications can give you the cash you need — quickly and easily — from $5,000 to $500,000.

When you apply online for a business loan with OnDeck, you can be approved in minutes and get funding in as fast as one business day.

Our online application for small business loans can give you the cash you need — quickly and easily — from $5,000 to $500,000, over 3-36 months. We can help with our easy online applications for small business loans. We ll give you an answer in minutes, with funding as fast as one business day.

Safe and Secure

Some small business owners have questions about the security of online applications for small business loans. It is important to research your lender – reputable lenders such as OnDeck use strong encryption and Transport Layer Security (TLS) protocol to ensure your Sensitive Information is securely sent to OnDeck.

Frequently Asked Questions:

Applying for a Business Loan?

Q. Do I need collateral to get a small business loan?

A. Some lenders do require collateral for a small business loan: that may take the form of requiring specific collateral or requiring a general lien on business assets. From the lender perspective, requiring collateral reduces the amount of risk associated with a small business loan. Collateral gives the lender more options to collect should the borrower fail to make the agreed-upon periodic payments..

Q. Can I get a business loan without being a corporation? Can a sole proprietor get a business loan?

A. You do not need to be incorporated to get a small business loan provided you are a registered business with a business checking account or have a business tax I.D. number. However, there may be potential benefits to incorporation and you should consult with a trusted advisor to determine options that may best suit your business objectives..

Q. Can I get a business loan after a bankruptcy?

A. Qualifying for a small business loan will be more difficult during the 10 years the bankruptcy appears on your credit report, but some lenders will work with your businesses if the bankruptcy has been discharged typically for at least two years..

Q. How do I get a business loan with less-than-perfect credit?

A. Depending upon how bad your credit is, it is still possible to get a business loan provided you have a healthy business and have the cash flow to repay the loan. Lenders look at your credit profile as a way to judge what you’ll do in the future, so if you have a poor credit history, you’ll likely need to explain any extenuating circumstances that contributed to your poor profile. Generally, a credit score below 650 rules out both an SBA guaranteed loan or a loan at the local bank, so you will likely need to find an alternative source of financing and will probably pay a higher interest rate, but if your credit score is at least 500, it’s still possible to get a small business loan..

Q. Do I need a business plan to get a business loan?

A. Some lenders like banks, credit unions, and SBA lenders often require a business plan (see What do I need to apply for an SBA loan), however many online lenders look at other business metrics and don’t require a business plan..

Q. What documents do I typically need for a business loan?

A. Some of the documents you might need will differ from lender to lender, but having these documents at your fingertips will make it much easier to apply for a loan at the local bank or an online small business lender:.

  • Your business financial statements including a profit and loss (P L), an income statement, and an outline of your expenses
  • Your personal financial information including the last three years of personal income tax returns
  • Your business license
  • A copy of your business lease
  • Your bank statement for the last three months
  • See also What do I need to apply for an SBA loan?

    Q. How do I get a startup loan?

    A. Aside from the SBA which has a guarantee program for well-qualified startups there typically aren’t many loan options for a startup. Most traditional lenders, like the local bank, prefer to see a few years in business. Many online lenders will work with a business owner who has at least a year in business. Some non-profit micro-lenders do offer business loans to qualifying startups..

    Q. Do I need collateral to get an equipment lease?

    A. The equipment you are leasing is usually the collateral used in an equipment lease..

    Q. Do I need a personal guarantee to get a business loan?

    A. Most small business owners will be required to give a personal guarantee when applying for a small business loan..

    Q. How do I apply for a small business loan?

    A. If you are applying for a loan at the local bank or credit union, you will typically meet with a loan officer in the branch office and be given the appropriate forms to compete an application. If you apply for an online business loan, you will generally complete a simple online application, like OnDeck s ..

    Q: How do I know if I can trust an online lender?

    A: Check their Better Business Bureau Ranking and look for mentions of them in news organizations like CNBC, Bloomberg, PBS, and more. You can also check 3rd part review sites like TrustPilot.

    Q: How long will the online application process take me?

    A: OnDeck s easy business loan application process can get you a decision in minutes and funding in as fast as 1 business day.

    Q: Do I have to apply online for a business loan, or can I call?

    A: You can apply online or call a loan specialist from 9AM EST 8PM EST at (888) 269-4246

  • #local business listing


    7 Local Business Listing Sites You Should Claim Now

    Finding time to update or create your online business listings can sometimes be a challenge. But, once you claim your listing, you can control what information and images are shown on these sites about your business, which is certainly worth the effort.

    In most cases, you may already have a listing, so it s just a matter of claiming the page for your business. What s the difference between updating and claiming? Updating means you ve created an account and just need to add new information to the page. Claiming means that a page for your business exists, but you may not have created or set it up. In this case, you ll need to prove it s your business before you can change any information.

    There are several sites your business could be listed on, so how do you choose the best? Easy! Here are our top 7 business listing sites you should claim and/or update:

    1. Google My Business Google My Business says it connects you directly with customers, whether they re looking for you on Search, Maps or Google+.

    How to claim or edit your business listing: Click the “Get on Google” anywhere on the page, sign in to your Google account, and follow the steps to add your business information to Google.

    2. Facebook for Business According to Facebook. it can help you reach all the people who matter most to your business.

    How to claim or edit your business listing: If you need to claim your Business Page click here and if you need sign up for a business page click here .

    3. Yelp for Business According to Yelp. Millions of people visit Yelp every month to find great local businesses. Help them find your business free!

    How to claim or edit your business listing: Click here to search for your business. If it exists, you ll see two options: A Claim button or an Already Claimed link. Click the option you see and either log in, or set up an account to edit it.

    Don t Have a VerticalResponse Account Yet?

    It s easy to use and free to get started. Sign up and start sending emails today.

    4. Yellow Pages According to YellowPages. they will not only get you online, but can also help you get found, drive leads and expand your reach.

    How to claim or edit your business listing: Click here to update your business details and then click Get your listing fee.

    5. Yahoo Local According to Yahoo. they are a comprehensive business directory complete with ratings and reviews, maps, events, and more.

    How to claim or edit your business listing: Scroll down this page to Try Local Basic Listing for free and click, Sign Up. Then, update your business contact information including address, phone number, and URL. You don t need to pay for this service.

    6. Bing Places for Business According to Bing , Places for Business is a Bing portal that enables business owners add a listing for their business on Bing.

    How to claim or edit your business listing: Chances are, Bing already has listings for your business. Click here to claim it.

    7. Foursquare for Business According to Foursquare. Over 50 million people use Foursquare to discover great businesses and share what they love about them with others. Join the nearly 2 million businesses who are already taking advantage of Foursquare to join the conversation and grow their business.

    How to claim or edit your business listing: Start by searching for your business, then select your listing. If you don t see your business just click the link at the bottom of the page to add it. Click here to manage your listing.

    Vital information you should include on every listing:
    Be prepared to fill out the following information, and keep it consistent on each site. Consistency helps your SEO (Search Engine Optimization) efforts.

    • Business Name
    • Address (City, State, Zip)
    • Main Phone Number
    • Website
    • Business Hours
    • Description A description of your business, minimum 250 characters.
    • Business Categories
    • Logo and pictures

    Keep a document of each listing so you can duplicate it exactly. Check on your listings and update your information (if applicable) every six months. Also, keep images of your business current and compelling to draw in prospects and customers.

    *Bonus Tip* If you re a brick-and-mortar business, encourage people to check-in and write a review by displaying a sign in your business window that states the sites in which you re listed.

    Have any sites to add to our list? We ve got more here in the Top 20 Places Your Business Needs to Be Listed Online .

    Want more marketing tips and tactics? Subscribe to the VR Buzz Newsletter and stay in the know!

    Don t Have a VerticalResponse Account Yet?

    It s easy to use and free to get started. Sign up and start sending emails today.

    Grow Your Business

    Get Marketing Tips

    #small business investment


    New Ways to Invest in Small Businesses

    When nonprofessional investors are able to put money into small businesses, everyone can benefit.

    I met with Paul on Tuesday. He is the CFO of a business start-up. He s not sure if the next phase of his company s financing is going to go through. Although he believes in the business model and the mission of the company, some days he thinks he won t have a job in three weeks.

    I met with David on Wednesday. While he s a great saver and earns a decent buck, he isn t wealthy. He wants to invest in small companies so much that we ve set up a fun money account, which is 10% of his otherwise well-diversified, passively managed portfolio. Fun money is specifically set aside so that he can make individual investments he believes in.

    Because of the way small business investing is structured in this country, the likelihood of Paul and David connecting has been infinitesimally small.

    This drives me mad.

    It s not just these two who are missing out. Because small companies drive job and economic growth, the economy of the country loses when Paul and David don t connect. And because the current system of funding is biased, some small businesses are a lot less likely to get funding despite their worthy ideas.

    Recent developments could change all this.

    To raise their initial start up money, small business owners typically first use their savings, and then appeal to their friends and family. Next, they go to banks. If they get big enough and have certain ambitions and contacts, they can get venture capital funding or private equity funding, which is what Paul was waiting on.

    These sources of capital are all enhanced if you are affluent and well connected. Do your friends and family have extra money to invest in your business? Do you know anyone you can talk to at a bank? What about impressing people in the venture capital world? A lot of people with good ideas are shut out.

    Enter the Internet. Raising money got a lot easier.

    The Power of Reward Sites

    With reward sites, startups with good ideas raise money in exchange for rewards.

    Sesame, which opens doors remotely from smartphones, raised over $1.4 million on Kickstarter.com. The reward here was a chance to order the device.

    Then there is Lammily. Barbie s realistically proportioned cousin, whose designer raised almost $500,000 through Tilt.com. The reward for funding Lammily was the chance to pre-order the doll, and sticker packs with stretch marks, cellulite, freckles, and boo-boos.

    The reward sites show that companies can raise large amounts of money through small contributions from a large number of people. Research suggests that Kickstarter.com reduces company funding gender bias by an order of magnitude and reduces geographic bias as well. Reward sites cater to consumers who love new products and want to support new ideas.

    You may get first dibs on a cool new doll, but sending money to a reward site isn t investing.

    The Risks of Private Equity

    Traditionally, to get private equity funding, you have to sell to accredited investors the richest 1% of the population, roughly speaking.

    Accredited investor regulations were set up in in the wake of the 1929 crash, when a lot of people got ripped off because they invested in dubious enterprises. The idea was that people with a high level of wealth are sophisticated enough to understand investment risk. Unfortunately, this leaves the Davids of the world investors who are sophisticated but wealthy shut out of these types of investments.

    Private equity placements are not always a great deal. When I ve looked into them for clients, I ve concluded they are expensive, risky, and difficult to get out of, even if you die. The middlemen who offer these and the advisers who sell these seem to be the ones most likely to make money. The best deals I ve looked at weren t hawked by sales people or investment advisers, but came through clients friends and family.

    The rise of Internet portals set up to connect small companies with accredited investors has the potential to cut down on intermediary costs. Still, the sector remains small.

    In 2012, President Obama signed the JOBS act, which directed the Securities and Exchange Commission to devise rules opening up small business investing to non-accredited investors.

    Some organizations didn t wait for the SEC to issue the rules. Instead, they dusted off exemptions in the securities legislation that most of us have ignored for 80 years.

    States Get Into the Act

    Some states have picked up on crowdfunding to boost their economies. Terms vary, but generally investors are subject to investment limits and companies are subject to a cap on raising money. Each individual, for example, might be limited to investing $10,000; each company might be limited to raising $1 million. Both investor and company are generally required to reside in the state.

    This is music to ears of people who want to invest locally. The first successful offering using this type of exemption was in Georgia in 2013, where Bohemian Guitars raised approximately $130,000 through SparkMarket.com.

    Village Power is another example of raising money using an exemption. This intermediary helps organizations set up and fund solar power projects. Village Power coaches their community partners to use an exemption in the SEC rules, which allows for up to 35 local, non-accredited investors.

    New Rules Open Doors

    New rules issued March 25 by the SEC removed a lot of the barriers for companies raising money and for non-accredited investors.

    Companies will be able to raise up to $50 million. Non-accredited investors are welcome to invest, sometimes with limits 10% of their net worth, say, or 10% of their net income.

    Although Kickstarter has said that it won t sell securities, other fundraising portals, such as Indiegogo. are looking into it.

    And if all goes well, Paul, David, and I can start looking for the new opportunities in June of 2015.

    Bridget Sullivan Mermel helps clients throughout the country with her comprehensive fee-only financial planning firm based in Chicago. She s the author of the upcoming book More Money, More Meaning. Both a certified public accountant and a certified financial planner, she specializes in helping clients lower their tax burden with tax-smart investing.

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    #business partner wanted


    Hostel Jobs Available Section Has Moved

    Hostel Management and Hostel Jobs have merged to make it easier than ever for workers, managers and owners to find each other. Let us know what you are looking for and we will get you over to the right place.

    I want to post a hostel job

    If you are a subscriber and have claimed your hostel in our database, you can post a hostel job on our site. This will help workers get to know more about you and your hostel before they apply for a position.

    I want to browse hostel jobs

    Whether your in your home town and looking to get involved in the local hostel hospitality scene or a traveler looking for ways to work your way around the world, Hostel Jobs will help you find a job that’s fun and meaningful.

    Hostel Jobs Wanted Section Has Moved

    Hostel Management and Hostel Jobs have merged to make it easier than ever for workers, managers and owners to find each other. Let us know what you are looking for and we will get you over to the right place.

    I’m looking for a worker

    Browse our jobs board of 8568 workers to find the perfect match for your hostel. You can even narrow your search by keyword, skills and worker travel plans. Unlike other job search sites, our workers already know and love hostels.

    I’m looking for a hostel job

    Create your worker profile on HostelJobs.net and be seen by hostel owners and managers near where you are or where your planning to travel to. You can list your skills, experience and previous related experience. It’s free.

    #business names list


    50 Construction Company Names

    Knock, Knock? Who’s there? Oh it’s just the contractor again!

    If you have been a contractor for a while, chances are you’ve knocked all over, from knocking things down, to knocking on wood, doors, windows, walls, roofs and on anything else a contractor gets their hands on. It’s a noisy job but somebody has to do it!

    If you’ve obtained a contractor’s license and plan on getting a business license to venture on your own, one of the harder tasks to knock out is picking out a business name!

    Building Your Brand

    When thinking about construction company names, keep in mind that the name will be the face of the company for a customer who hasn’t had prior dealings with you.

    Even a slightly unprofessional, inexperienced-sounding name can turn a potential customer off enough to not even bother to call for a consultation, which will only hurt your business.

    Make sure, too, that the name you pick is brandable and stands out from the other companies in your area. Compile a list of all the local construction company names to avoid names that are similar and steer your thinking in other directions.

    The following tips should also be considered when thinking of construction company names:

    Include specialty: If you will be doing all phase construction, or just steps in the construction process, make it clear what the company will be doing.

    Include type: If you only work remodels, residential, or commercial, indicate this in the name.

    Use numbers or “A” first: You’ll be competing with many companies, being at the top of lists such as in the yellow pages can help have a leg up on competition.

    Use your name: Especially if this will be a family business. Be proud enough of your work to have your name on it!

    Think “quality”: People really don’t want a company that sounds like they would build an inferior building; a building is somewhere people go to feel safe and protected from the outside world!

    You need to think of construction company names that connote quality, honesty, integrity, professionalism, and experience. If you need some ideas, here is a list of 50 construction company names to help you think:

    Deciding on a Business Name

    The possibilities are almost limitless when it comes to naming a company, so it shouldn’t be a surprise if you are having a tough time making up your mind. If this is the case, try these ideas to help decide:

    Ask others: Asking friends and family for their input can really help out, and they would be thrilled that you want their opinion in a big business decision! Have a BBQ and invite them over to have fun while they’re at it.

    Turn to the internet: The internet is a very valuable place with many opinionated strangers. This can work to your advantage with a survey! Also, checking online for web domain availability and pages on social networking sites can help narrow down that list as well.

    Flip a coin: It’s probably been a while since you’ve solved a problem this way, but it is a good idea if you are stuck between just two names!

    Just like you wouldn’t rush a construction job, do not rush the process of choosing a name for your company. Focus on letting them know what you’re all about before they even pick up the phone

    Construction Management Careers

    More Resources For Starting Your Construction Business

    • Construction Business Owner Magazine
      Two Findings That Will Change the Way You Market Your Construction Business. This research will help you tap into your client’s brain.
    • Construction | Business Idea Center | Entrepreneur.com
      Construction business ideas that you can start today from Entrepreneur.com.
    • How to Start a Construction Business: 9 Steps (with Pictures)
      How to Start a Construction Business. Before opening a construction business, understand that doing so takes a lot of groundwork. Not only do you need to think about how you are going to pay the start-up costs, but you need to decide how.

    More by this Author

    cyoung35 2 years ago from Corona, CA

    This is a great article. A friend of mine has a walk in tub business and he named it “Leisure Life Walk-In Tubs”. The name clearly tells people what they do. I feel if you’re one of those companies that needs to advertise in the phone book, then you’ll want to preceed your name with the letter “A” or the number “1” as they will get listed in alphabetical order. I think this is a great hub and I believe this pertains to anyone starting a business. Thank you for the interesting and useful hub. Voted up helpful and interesting.

    #biz loans


    Lending Overview

    For 25 years, Mountain BizWorks has been providing small business loans to help businesses in Western North Carolina launch and expand. Our loans range from $1,000 to $150,000, and we focus on entrepreneurs who have trouble securing funding from banks and other traditional sources.

    We emphasize cash flow analysis, consider non-traditional collateral, and offer flexibility in the loan structure. We also work to ensure our clients’ success by offering highly customized, peer-to-peer business coaching by an extensive network of local, successful business owners. This innovative blend of lending and learning helps entrepreneurs overcome obstacles, grow strategically, and create jobs.

    All loan decisions and relationships are managed locally.

    En Españ ol: También tenemos personal que hablan español para ayudar a nuestros clientes latinos. Para hablar con alguien acerca de nuestros servicios en español, por favor llame al 828-253-2834.

    Over half of our staff is fluent in Spanish. To speak with someone about our Spanish-language services, please call 828-253-2834.)

    View our Recent Loans page to see some examples of businesses that have received small business loans from Mountain BizWorks.

    How is Mountain BizWorks different from banks and other funding sources?

    For 25 years, Mountain BizWorks has been making business loans ranging from $1,000 to $150,000 to small businesses in Western North Carolina who may have trouble securing funding from banks and other traditional sources. We consider non-traditional collateral, offer flexibility in the loan structure, and loan decisions and relationships are managed locally. We also work to ensure our clients’ success by offering highly customized, peer-to-peer business coaching by an extensive network of local, successful business owners. This innovative blend of lending and learning helps entrepreneurs overcome obstacles, grow strategically, and create jobs.

    Does Mountain BizWorks provide grants?

    No – the only source of business funding Mountain BizWorks provides is loans.

    How much can I borrow and for how long?

    Mountain BizWorks will make loans for as little as $1,000 and as much as $150,000. Repayment terms are flexible and based on cash flow and use of funds.

    What is your interest rate?

    Our interest rates vary depending upon your particular situation and risk factors. You should expect that your Mountain BizWorks lender will discuss interest rate and loan terms with you.

    Is my credit history important?

    Credit history is one of the most important factors in making our decision to provide a loan. Credit history is the clearest indication we have of your willingness and ability to repay loans. However, we are willing to take into consideration extraordinary circumstances that may have damaged a previously good credit history.

    Do I need collateral?

    Yes, we will ask you to pledge your business assets to secure a loan. Offering assets such as your automobile, home, or other real estate makes us feel that you are as confident in your business as you would like us to be. Typically, we like to have spouses guarantee the debt to show there is family support of the business.

    Do I need a business plan?

    A business plan is necessary for start-ups and can be very useful for existing businesses, especially when major changes are planned. A business plan does not have to be lengthy, but should outline your goals and business direction. Our application packet includes lists of questions to be answered during the application process. It is important for us to be clear on the history of the business and where you see it going; how the business operates and brings in customers; and how the use of the loan funds will fit in with the other financial aspects of the business.

    How long does the approval process take?

    Once we have a fully completed application packet, Mountain BizWorks aims to have an answer to you within 2-3 weeks.

    If my loan request is approved, when can I expect to receive funding?

    Mountain BizWorks can typically close a loan immediately upon notifying the loan applicant of the approval based upon all approval conditions being met.

    #business partner wanted


    Event Planning Business Partner wanted

    Описание компании

    A small business event planning company located in the Bronx is currently seeking partnership to help support all aspects of starting up the business and take part in all aspects of decision making.

    Описание вакансии


    This is ideal work experience event planner or for a student studying Hospitality, Marketing or Event Planning looking to get into and start up a event planning business.

    Please understand that there is no weekly pay nor any upfront financial investment needed, I am seeking a business partner with an entrepreneurial spirit with equal passion for planning events and business management. Compensation will be based on flat commission.

    As you can Imagine starting your own business and all the funds needed to blossom, I am not asking for any $$ but I do need someone with a business state of mind that has that creative edge to get this business on the right track. ENTREPRENEUR PREFERRED.

    Требования к квалификации

    • Ability to handle new Contracts/ Negotiation
    • capable of hiring/screening new interns/volunteers and generating suitable compensation/company perks
    • Hard working, extremely organized, outgoing, familiar with Bronx, Lives in New York City, NY *Great at surfing the web to find info
    • Must be able to attend weekly staff meetings
    • Must be able to work independently and be capable of dealing with a variety of people from event vendors
    • Helping us build our database of local event/wedding planners, location scouts photo and film industry contacts, etc.
    • Fielding calls and email requests for space rental and availability
    • Participating in open house events
    • Helping us build our database of local event/wedding planners, location scouts photo and film industry contacts, etc.
    • Researching local vendor partnerships and media opportunities

    Дополнительная информация

    Please understand that there is no weekly pay nor any upfront financial investment needed, I am seeking a business partner with an entrepreneurial spirit with equal passion for planning events and business management. Compensation will be based on flat commission.

    BASED IN THE BRONX, NY so traveling is a must!

    #business acquisition loan


    How to Finance a Business Acquisition

    Business experts often say that it costs less to buy an existing business than to build one from the ground up. If you are an entrepreneur looking into purchasing a business, there are a few items to consider when seeking financing for the acquisition that may strengthen your viability as a loan candidate and your ability to tap into a variety of potential financing sources.

    Most lenders will want to review your business plan, and you should also determine the economic status and value of the business you re considering buying. Review the financials and consider having your banker and/or trusted financial advisor also review the numbers. Ascertain the value of the business, including any equipment, real estate, inventory and other assets.

    To increase your viability as a loan candidate, convey your industry expertise and any management know-how to your potential lender. Lenders look for candidates who exhibit strong potential for success after acquiring the business. Show lenders that the transition period will run smoothly, and consider keeping existing managers on staff to help ensure an easy transition. Seasoned employees can also help you learn the inner workings of the business and help secure extended contracts with existing customers.

    When seeking financing, consider these lending sources:

    • Family, friends or angel investors. Lenders will likely expect the buyer to provide between 20 percent and 50 percent of the capital upfront. If you do not have the initial capital to invest in the business, consider borrowing from family and/or friends. Another option may be angel investors–wealthy individuals who make equity investments in businesses at the early stages. They typically have expertise in the fields of businesses in which they invest and can also offer their resources and contacts.
    • Seller financing. Consider asking the seller if he or she can provide financing for the sale of all or some of the business. In some cases, sellers may provide a very reasonable interest rate. Some seller financing can also prompt other lenders to invest in the venture.
    • U. S. Small Business Administration. Many lenders across the country offer small-business loans guaranteed by the U.S. Small Business Administration (SBA). These loans may provide more lenient and flexible financing for qualifying borrowers.
    • Financial institutions. While the industry is still in the midst of a tight credit market, the fundamentals for loan qualification remain important. They include demonstrating positive cash flow, solid management experience, industry expertise and a strong credit report. Banking relationships are also a significant part of the equation. It is important to cultivate and maintain a relationship with your banker, keeping him/her well-informed about your business experience within a particular industry. Many banks, also have special lending programs for women-, minority- and disabled-veteran-owned businesses.

    Be prepared and stay informed when seeking financing for an acquisition. It is not unusual, especially in a tight credit market, for business owners to seek a variety of lending sources.

    The foregoing article is intended to provide general information about financing an acquisition and is not considered financial advice from Union Bank. Please consult your financial advisor.

    #cottage industry ideas


    wahm articles

    How to start a Cottage Industries Business

    Cottage industries is booming thanks to a sluggish corporate economy and the abundance of laid off workers. Instead of heading to the office, many stay-at-home-moms have become work-from-home-moms leveraging their home spun creative ideas for cash.

    Understanding the Cottage Business

    Specifically defined, a cottage industry business is the creation of products and services that are home-based rather than being manufactured in a factory. When the idea of the cottage industry initially emerged in the late 16th century, most manufacturers produced textile based services such as sewing, lace-making or household manufacturing. Today, cottage industries encompass areas such as baking, crafting and innovating.

    The appeal of buying from a cottage industry manufacturer is that the consumer can receive a unique, one-of-a-kind, hand-made product that isn’t mass produced. Many consumers also appreciate the human-aspect to home-based created products and services and feel that the majority of these cottage industry services produce a higher quality product than one that is mass produced.

    The main attraction a home-based business brings to the creator is the ability to dictate working hours, develop an item or service of interest, and sell the product or service for a higher profit margin. The downside of cottage industry produced goods for both the consumer and manufacturer is a slower production of product and less opportunity to compete with larger brands.

    How to Create a Home-Based Business

    Before launching a home-based cottage business, entrepreneurs should consider several steps in order to make the new business a success:

    1. Research your industry to evaluate the competition. Review consumer trends, the current market, industry knowledge and future growth. One fast and easy way to access this information is through the Small Business Administration’s Office of Economic Research.
    2. Check zoning requirements to ensure you can legally operate your business from home. Some home owner’s associations may prohibit owners from operating a day care or a food service business from home.
    3. Incorporate and register your business’s name with the city or county clerk. Determine if you will be the sole owner of the company or if you will have a partner.
    4. Apply and obtain a business license from your local government office. Also, determine if you should copy write or patent your work.
    5. Obtain a federal tax I.D. number from the IRS. This is imperative to have at tax time and will be needed, especially if you plan to have paid employees on board.
    6. Develop your business and marketing plan. Areas to consider include creating a website, business cards and establishing a separate business phone line.

    Cottage Industries May Be the Next Corporate America

    The beginning of corporate America started in the homes, kitchens and garages of everyday, ambitious people. With unemployment still high, Americans are turning inward to examine talents and abilities in an effort to make money. The dawn of Microsoft and Apple were started in garages as a cottage industry. Many others such as Famous Amos and even the creation of the bundt pan were cottage industry related.

    Innovative ideas fueled by well researched, determined individuals is the heart and soul of the cottage industry. Additionally, its not just the working class making an impact on the cottage industry. Retirees are leveraging their pension to finance home-based business ideas, adding more life to the cottage industry than ever.

    Gina Ragusa is a freelance writer and mom from sunny (and sometimes not) South Florida. Her 15 year experience ranges from writing about banking to tattoo parlors. Read more about her adventures at http://blog.wahm.com/

    #online business games


    Real Life Survival Game 3rd World Farmer

    Rating. 7.8 / 10 – 22031 votes

    3rd World Farmer is a serious-thought-provoking online game and business strategy simulation activity for high school teens and college students where you have to manage an impoverished farm in a dried out desert area of Sub-Saharan Africa. This is an exceptional survival role-playing game online, and gives you a striking, first-hand insight into extreme rural poverty, and the hardships and challenges faced by the millions of starving, struggling farmers and families of developing nations. In 3rd World Farmer, you have to make tough moral and survival decisions in order to provide for your underprivileged family, while enduring droughts, disease, poverty, corruption and war. How ethical will you be when you desperately need to pay your rapidly-ailing family’s food and medical bills? Will you accept virtual money to survive in return for storing chemical waste, and even housing terrorists?

    The Deal: Your proactive mission is to help the head of the family turn this small farm in a developing nation into a commercial success. You must carefully budget and decide which crops to grow each year to sustain your family, and grow. There are several crops to choose from (corn, wheat, cotton and peanuts), and some prove more risky than others, providing potentially large earnings or huge losses. Make enough profit to invest in the necessary tools such as ploughs, harvesters and tractors to improve your crop yields. Increase your capital by investing wisely in essential buildings such as sheds, wells and barns. But remember, all investments have associated risks; wells can dry up, barns can be destroyed, and livestock may be stolen. Remember also Do not become too greedy! You must first prioritize your family’s health, or they may weaken, and be struck down by a deadly disease!

    How to Play: Each year you must decide which crops to grow on your restricted budget. Use your computer mouse to select and buy crops, livestock, tools and buildings. Left click in the upper left corner of the game screen, and then drag and place the crops in your field. Left click your mouse again on a family member in the center of the screen to administer medicine and other options. When you have bought all your items for the season, click the “Right Arrow” in the top right corner of the screen to forward your circumstances one year in time. You then receive an annual report of how your farm has performed.

    To succeed, you need to display good business acumen and strategic thinking skills to help ensure that your family, farm and community is safe and prosperous into the future. Carefully strategize and invest in “Communications” to coordinate sales with other farmers, “Infrastructure” for easier access to markets and “Crop Insurance” to give your family an income when your crops fail. Support a local “School” and “Clinic” for improved health and education services in your area. Donate to a local “Politician” who genuinely works for peace, health and prosperity for all. This will help benefit the long term well-being of the entire nation. When you have succeeded in purchasing the six above mentioned items, you win. Good luck with your new farming venture and survival challenge!

    Discuss this interesting, thought-provoking game on the Learn4Good Games site with your friends, family and teacher! Whatever side of the fence or ocean you find yourself, you might take time to ponder how One world has a Third world.

    Hello! If you’ve already told some friends in school or on social media about this game or Learn4Good Games, thank you so much! If you are going to tell your best friends, thank you in advance! You & your playing friends help to make this game site possible! We add new games almost every day, and look forward to bringing you more top games very soon. Some helpful links to share include Top 100 Games. Top New Games & Latest Games. Enjoy!

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