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BIGGEST MISTAKE I MADE IN MY BUSINESS- I started my business with the notion, that if, I could lose enough money in my business it would offset my personal taxes. Although, it did help, I still lost money. You see, the thought of owning your own business, is about creating something profitable to take care of you and your love ones. Also, having something to pass on to that next generation that they can build off of because I don’t know of anyone who ever inherited a job.
Moving forward, I revaluated, why I was losing money in business. I realize that it was foolish of me to start a business just to lose money for tax purposes. I begin to learn, how setting up a business and managing it the right way, it would actually become profitable and lower my taxes.

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As business owners, we tend to become uncomfortable when talking about business taxes. A lot of us will try to avoid it all together. However, this is a key component to helping you acquire funding if your trying to grow your business, In my book, "The Insider Bank Secrets" I teach people how to reduce their business taxes doing this one simple strategy. Many small business owners don't realize they are over paying their taxes.

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Trying to find away to fund your business? Here's 10 ideas that may give you some hope.

1.  Personal Financing- Save up to fund your own business
2. Personal Credit Lines- Borrow from credit cards
3. Family and friends- Offer them stock in the business for their investment
4. Peer-to-peer lending- Raise funding from people that support your idea
5. Crowdfunding- Borrow money in small of amounts from people in your niche
6. Microloans- Borrow from private companies and non-profits that offer small loans, up to $35,000
7. Vendor financing- Receive inventory from many manufacturers and distributors upfront and defer your payment for 30, 60, or 90 days.
8. Purchase order financing- PO financing companies will often advance the required funds directly to the supplier, allowing the transaction to complete and profit to flow to the startup.
9. Factoring accounts receivables- Provide cash on your sales immediately, rather than waiting for 30 to 60 days or longer for payment.

10. IRA financing- Investment Retirement Account funds and 401(k)s are arguably the single most accessible alternative funding source available today for startups.

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7 Steps to a Business Loan Today!

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