Start Your 6-Figure Work At Home Business Today

“That some achieve great success, is proof to all that others can achieve it as well.”

Abraham Lincoln

Working at home is often fantasized about as workers sit at a desk in their office located in the basement or a spare room in their house. If only I could work at home, thinks the new mom at home with her baby.

To the average retired person, starting a home business is a way to supplement a woefully insufficient fixed retirement income and fight boredom.

But for some of the frustrated, and justifiably angry even perhaps hungry unemployed in these financially challenging times, however, a work at home career is perhaps the only realistic hope for a better future.

Listen to KP’s story.

KP is a 53 year-old financial analyst who had spent over 10 years working as a mortgage loan specialist in a local branch of the now collapsed Wachovia bank. His wife had lost her job in another financial institution a few months earlier.

A year before Wachovia collapsed in 2008, KP and his family of five had moved into their dream house. A $350K plus suburban house the family had invested in and planned to make their new home when their first child turned 21.

With both parents now out of work and with no income, 2009 was a particularly difficult year for KP and his family. They almost lost their recently acquired dream house. They even contemplated declaring bankruptcy at a point.

Back in 2007, a former classmate of his had approached him about investing in his start up online consulting business. KP would eventually turn down the request, but remained in close touch with his former classmate. They called each other often to chat and share views on each other’s progress in life.

In June last year, and in the midst of their financial difficulties, KP called his friend to seek his advice on a niche home-based business the family had contemplated starting.

At the end of the hour-long phone discussion, the friend gave him a surprise. He decided to pay the over $4,000 attendance fee so KP could join him in an internet marketing boot camp he was making a presentation at in California the following month.

Following the discussion, KP and his family agreed to pay the extra $3,700 to enable him attend this 3-day event. At the conference, he ended up spending an extra $3,950 on a host of important home study materials and programs.

KP and his wife launched their home-based investment advisory services business in September of last year. And from what I gather, their new business grossed just over $115K this past September. Their next big move is to launch a web-based version of it and add other services including online training programs. His friend’s online consulting business, meanwhile, became a 7-figure operation last January and now has 2 full-time employees.

KP and his wife have set themselves a clear goal to build their start up niche business it into a 7-figure home-based online business by 2015. And given the level at which they are currently operating, I have no doubt that they can achieve their 7-figure goal perhaps even before 2015.

Your situation might be different from that of KP and his family. You may still have a job but even if you don’t, don’t panic. Instead, use the experience, the skill you already have and follow the success roadmap KP and his family as well as numerous others have created for you.

This time next year, I want your success story to be the inspirational message that gets other readers to act on their dream.

So are you ready to start building your very own 6-figure Internet-based home business today?

Banks Reject 60% of Small Business Loans

The federal government doled out $30 billion dollars to small community banks to help small business get the credit they need. According to the Wall Street Journal, Instead of loaning the money to mainstreet, the banks repaid their TARP obligations. Only 4 billion or 13% of the money went to small business. Crumbs in my opinion. The cake went to the banks to clear their books. This whole program was very disingenuous. It has become harder and harder for small businesses to get the credit they need.

A recent study conducted by Pepperdine University found that 60% of small business loan applications were rejected. Such high rejection rates leave small businesses in a quandary about where to get funds to buy equipment, to expand, or fulfill their obligations.

One alternative might be merchant cash advance. Merchant cash advance or merchant capital advance have progressed in recent years and offer a viable alternative to banks. Merchant cash advance offers a type of “loan” against future sales. Traditionally this was done through a merchant’s credit card processing receipts. There other options available through cash sales and using the ACH networks. In most cases, merchant cash advances are more costly than a bank loan but the good news is that the merchant cash advance or merchant capital advance rates have come down in recent years.

It is time to put all the cards on the table and see what is really in the market. Small businesses can no longer rely on their banks. If a business needs a cash infusion to purchase equipment, make repairs or to stock up on inventory for the holiday season, a merchant cash advance may be a possible solution. If the banks are not lending, then small business need to find other options to get the funds that they need.

Some businesses have relied on their banks for years for credit. Even merchants with great credit are finding it difficult to get the loans when they need it. It always seems the banks are ready to loan money when the merchants don’t need it and when they do need the loan the banks refuse to loan. Business owners need an alternative to turn to in this every happens.

The problem in the US economy is right now the average bank is leveraged 17 times. This is much better than several years ago when the average bank was leveraged 55 times. What does this mean? Banks are reluctant to loan money because don’t want to or are not allowed to leverage themselves anymore.

This is where the private lender comes in. The private lender is filling that gap. Now, merchant cash advances are becoming more common ways to finance a business. This is why it is imperative that all business owners learn about merchant cash advance because someday, they may need it.