Are you tired of your office job? Ready for the chance to be your own boss? Or perhaps you want to find a way to work from home so you can spend more time with your family. Home-based businesses are the way to go. More and more people are discovering the freedom, enjoyment and monetary rewards of working from home.However, it can be tricky to determine which home based business opportunities are legitimate as well as which industries are right for your skill set and interests. It can be overwhelming to sift through information online to find what you are seeking. Whether your objective is to track down a list of home based businesses or you just want to learn how to make your dream business a reality, it makes sense to consider a few important things before you embark on your home business journey.As with any business opportunity, there are people out there who prey on individuals who want to start their own businesses. Some of these not-so-truthful companies or people will make promises of big money without the work, or ask for large sums of money to help you start your business.The truth is while no work big pay is an attractive thought, it is just not reality. These are red flag situations to avoid, or at least should lead you to research the business thoroughly prior to handing over your hard-earned money.The Better Business Bureau Online (bbbonline.org) provides information helping you to find out if a particular company has received complaints. The online site also offers a list of home based businesses meeting BBB Online standards, so you can hop on the site and determine which businesses are worthy of your trust.Searching online can also help you to determine what particular industry is right for your home business. You can learn more about the business that are working for other people like you as well as which businesses utilize the skills and knowledge you possess. A simple online search can reveal top home business ideas or the most popular or lucrative home businesses. Such research makes it easier to identify legitimate work at home opportunities.You may find that you need support and guidance once you have narrowed down your search to a particular business industry. Seek out online communities, message boards, and forum groups to join. These are places online where people with similar business interests and goals come together to network and learn from each other. Here, you’ll find people who are in the same boat as you, as well as professionals and even experts who know the ropes and can offer you valuable advice.Another important are to research involves affiliate opportunities and marketing programs, which can help you to make the most of your business efforts and increase your chances for making money. The existing opportunities are seemingly endless. In order to avoid becoming a jack-of-all-trades and a master of none, start small. Identify a couple of opportunities and give your focus and time to them. Soon you will begin to feel comfortable and reap the rewards, and then you can move on to try different opportunities to build your business.Above all else, remember to stick with it and don’t give up. It may sound cliché, but you really can learn valuable lessons from your failures, and even some of the most well-known success stories began with a person who was at the bottom of the pack and rose to greatness. Continue to educate yourself through online tools and sites related to your niche, and stay connected with online communities. In these ways, you can find the support you need to remain encouraged and reaching for your goals.
The B&I Guaranteed Loan Program offers various benefits to the rural sector and is working towards their growth and development. This also offers employment opportunities to the rural community and helps them to become self reliant.In order to improve and develop the economic scenario and environment in rural societies, it is necessary to develop industry, business and employment opportunities in the rural areas. The Business and Industry Guaranteed Loan Program facilitates just this. The program achieves this by guaranteeing quality government loans that is intended to bring in lasting benefits to the rural community.These business and industrial loans may be availed by an individual, corporation, partnership, cooperative society or any other legal set up operating as a profit or non profit organization. This business loan category is also available for the benefit of an Indian tribe which is under the State or Federal reservation and other such recognized tribal groups. As the loan name Business and Industry Guaranteed Loan Program suggests, the borrower of such loans must be engaged in a business activity that will undertake the following:• Encourage the preservation, development and utilization of water for aquaculture
• Promote the growth and expansion of solar and other renewable energy systems in order to lessen dependence on non renewable sources.
• Provide and improve employment opportunities
• Bring about positive changes in the overall economic conditionsTo be eligible for such government loans, the individual must be a US citizen or a permanent resident of the United States; 51% of the owners of corporations availing such loans must be US citizens or permanent residents and normally the B&I loan category is offered in the rural areas. Keeping in mind the general regulations of this business loan category, such loans must be utilized for the purposes of business expansion, conversion, repair and development or even modernization of existing businesses; purchase of land, equipment, machinery, inventory, buildings and other supplies and facilities. These are some examples and the loans could be used for other similar purposes.Normally, the maximum amount of Government Loans offered under the B&I Guarantee program is $10 million, the maximum percentage of guarantee for loans of $5 million or less being 80%; 70% for loans between 5 and 10 million and 60% for loans above $10 million. Real estate related loans must be repaid within 30 years; loans taken for machinery and equipment should not go beyond the useful life of such equipment or machinery or 15 years, whichever is less and 7 years is the maximum repayment period for working capital loans. The interest rates are subject to negotiation and could be either fixed or variable and could also be subject to approval and appraisal by the Agency. Completed applications with the correct loan name and required particulars must be delivered to the USDA Rural Development State Office. More details about this business loan category can be availed from the USDA website.