Families that farm fresh and healthy produce with the mindset of actual nutrition, taste and quality and helping out the local community is vanishing and slowly going away. People nowadays are spending their money in big, huge super markets. We are giving out the power over our food industry to only a handful of companies which is not good because they only care about the profit they can earn. So contributing and supporting our local farmers and buying their produce at any local farmer’s market makes a great impact. The farmers will be directly affected by our money. They will be able to use the money right away. Buying local can make a difference.

What also nice when buying with local farmers is you’re able to bargain with them for whatever they cannot sell. If theses farmers become successful at this, it would encourage more people to farm.  Let’s give more importance to all our farmers. Remember that they are the one providing us with the food we need.

There are three common ways to finance a small business. The following are the most common ways in which business owners finance a business.

10 Ways to Finance Your Business

1. Bootstrapping. It’s a situation in which an entrepreneur starts a business with just a little capital. An individual is said to be bootstrapping when he or she attempts to build a business from personal finances or from operating revenues of the new company. The benefit in doing bootstrapping is that you will not have to give up a piece of your business to anyone else. You would not also worry to pay interest of your loan. Bootstrapping is slow but the advantage of this is that you grow and learn from the business.
2. Loans. Taking out a loan is common. When you decide to take a loan, you should firstly do a thorough research on it. Look out for companies who have very high interests’ rates. Now what your credit standing is. Look for micro lenders for lower interest rate. Through loans you do not also have to give up a portion of your company to someone else.
3. Investors. Finding an investor has many pros and cons to it. One advantage is you will have a mentor in financing and running your business. Another advantage is you put less money into your business. If the business is doing well both you and the investor will benefit. The disadvantage is that you giving up a piece of your business and you always have to report and get their consent when it comes to decision making.

What Every Small Business Owners Should Know

Business owners would like to step up just to promote their business. Great skills are needed in managing a business. For some successful business owners these are some advice small business owners should reflect on:

• Delighting a Customer. Delighting and not satisfying a customer should be every business owners mindset. Delighting a customer should be their goal. Business owners should always put this in their minds. They should think of ways to make their customers feel delighted because of the goods and services they offer.
• There is no substitute for hard work. The best time in business is when it starts with just you. With your hard work this business will grow into a successful and profitable company. Loving your business is doing everything for it. On the first years you will be the one doing everything, from sweeping the floor when everyone goes home or checking to see if the power is off and it’s safe to leave. During the first years you will be the first person to enter the office. It’s a good trait if you’ll be the first person to open the doors or to plug the coffeemaker so that if your workers are coming in they would have coffee to drink. This is a real business owner. Always set an example to your workers.

• Don’t be discourage. In a business you will encounter problems and disappointments. So often we would encounter difficulties and failures. The most important piece is to learn from each of this and pivot quickly to change and stand up again. We have to move on to the idea that works.
• As a business owner we should be close to our products and clients. The most important thing is to think about them. Don’t forget to think about your business. Reflect on your plans and goals. What you want to do next or how to improve your business. Think of how to take your business to the next level.
• Clarify what your purpose is. Be able to articulate and communicate it. As you bring people in to your company, ask their purpose. What makes them join the company?
• Be ready to be in that roller coaster ride. In business you will have good and bad days. Stay focus and level headed and always keep your feet on the ground.
• Have a clear strategy of why you are different from other businesses. Are you producing something of value, something that your client needs. Follow a direction and everything will fall in its place.

Grants are a less common type of business finance. It is a specific amount of money that the Government, a company or any organizations awards. Any business, educational establishment or a person may receive a grant.

Seeking Grants for an Association, a Small Business or for Research

Advantages of Grants:

1. You do not have to pay back the money. Grant money is usually free.
2. You do not lose control of your company. In other words, you do not need to sell shares.
3. All types of business finance have one thing in common. Whoever is putting up the money will ask for something in return. You may have to give up some of the ownership of the business or pay interest on loan. Even with government grants, you may have to adhere to requirements which can clash with your business plans.

It is defined as the funding we need for commercial purposes. Business finance is the money business owners require to start, run or expand a business. If you already have the money, then this is used. However, if you don’t there are several option to avail one.

Types of Business Finance:

Investment Finance. It involves selling part of your business. This is done by selling shares to investors. Bear in mind that when doing this you may lose some control. If the investor buys shares, he or she will also receive a share of the profits your business makes.

Crowd Funding. This is becoming an increasingly popular way of getting Business finance. It is commonly called as crowd-source capital or crowd financing. Today, most people use the Internet for crowd funding. The aim is to get as many small investors as possible. There are many websites dedicated to crowd funding.

Loan. This is the common way of getting a business finance, to borrow money. With a loan, the borrower agrees to repay over a specific period. With a loan, you do not sell any shares therefore you do not lose your independence. People usually get business loans from banks. Community development finance institutions and other businesses also offer financial loans.

1. Here are common ways to finance your own business:
2. 1. Finance your business out of your own pocket. A great percentage started their business with their own money. If you do not have the money to start your own business, sell personal high priced assets that you simply don’t need to raise the needed funds.
   2. Look for Angel Investors who can invest in your business. These are people who have money who has been very successful in their own business or careers. They are usually looking for opportunities to get high return on their money. These investors usually have a reserve fund for other investments. They can also give you guidance with running your business.
3. 
   3. Friend and family. This is commonly termed as “love” money. People will give or lend you money because they love you. Make sure to put everything in writing.
   4. Credit cards. This is a fast and easy way. Before relying on these cards, consider the risks that come with it.
   5. Bank loans. This loans are usually hard to acquire. Make sure you can repay these loans to avoid interests. These loans usually need a collateral when you apply for a loan.

Almost every day people start a business. These businesses may be different but they have to pass a common step, to raise the needed funds to finance their business. Financing a business is vital because this will keep it going and this is needed to cover expenses.

Here are some common ways how we can finance a business:

1. 1. Personal Savings
2. The easiest way to finance a business is using your own money. People save money and use this money in many ways like funding a business. This is the most ideal way to fund a business, however some savings may not be enough to fund the business. In this case some may use their retirement plan and other insurance benefits to run their businesses. This is quite risky, because when your business fails you can lose everything you’ve earned for.

2. 2. Using Your Credit Cards
3. Some would use their credit cards to finance a business. They have the option to do cash advances using their cards. This can be expensive sometimes because of high interest rates.

3. 3. Help of Family and Friends

Some business owners would ask a family member or a close friend to invest on the business. This is a good way to finance a business but one should be very cautious. Always have agreements in writing. Be sure that it is signed and notarized.

The Chinese year 2021 is the year of the Ox. This year is a good year to put an edge to your  skills and expertise especially in the field of business and entrepreneur. With patience and hard work one will surely have a prosperous year. With dedication, proper skills critical thinking and correct timing business will be successful.
The threat of  COVID 19 is still very high. The way people manage and operate their business has drastically change over the past year. Entrepreneurs are switching online. Many have ventured with low-cost online business. Majority of which started at home. With so many business ideas many are having a hard time figuring out which
would work best for this year. Remember that starting an online business and venturing into something new can at times be risky and at the same time rewarding. Many online businesses have earned its credibility and has gained popularity because of  good management and business skills. Be in charge of your own finances by thinking of the right online business that can help you be financially secured this year.

Looking into financing your own business. There are many simple ways of financing a business. Each way has its own advantages and disadvantages. For anyone starting a business, their goal is make it flourish and successful. There are many factors that makes any business successful. One most important thing is a stable capital. Unfortunately now all businesses have this or are lacking on this. Many business owners are looking for means to have debt financing by an institution. This can help them to meet some obligations that the business needs to settle. When starting a small business it is imperative to look for the right funding model. You should scrutinize where you are taking money from. If you go to the wrong source one may lose everything he or she has invested. Many have the mistake of entering into a financing that does them more harm or good. They end up repaying these loans that paralyzes their growth. Note that during economic recessions like this pandemic it is harder for a small business to qualify for any debt financing.

During economic downturns it is much harder for small businesses to qualify for debt financing.