Have you ever thought of starting up a business before? This is actually a dream of many people who want to become financially free. There are a huge number and variety of businesses out there that you can try. If capital is your challenge, a small business loan is available for you. Of course, you have to start small especially if you are still a regular employee trying to get out of the rat race. It’s a different story if you are a person born to a rich family and can easily inherit a business. We’re talking about the average person though. We deserve so much more for our hard work and having a business can truly be rewarding.

I myself have been looking around for business ideas that I can share with you. Among them are those related to entertainment, like DVD renting, record bar, magazine stand, some are related to food like a small restaurant or food cart. Other businesses include printing, car repair, baking, weddings, events, travel and so much more. All of these can be done on a small or big scale, depending on your capital. All of these can fall under a small business loan. You need to create a business plan as this is one of the requirements in getting a small business loan. Not only that, a business plan helps you see the ins and outs of your business.

Since I was in search of a simple business that has an already established system, I came across two kinds of businesses: a franchise and direct selling. When it comes to cost, direct selling is a winner. For a price of $100-$500, you can start your own direct selling business. You have an option to put your products in your own store, or simply sell it to your family, friends, workmates and acquaintances through order basis. That’s how simple it is. You get a percentage off the retail price and that’s how you earn. Most direct selling products are consumables or personal care products. With the right company and products, you can get repeat orders every time your customers run out of products. You can arrange with existing store owners as well if they are interested in carrying your products. This can be done via consignment basis. Otherwise, if you refer them to be dealers like you, you are entitled to a commission from their total sales.

If you intend to put up your own direct selling store, then you need to look for a space and pay for rent and utilities. This will cost you more than $500. A larger amount of inventory is needed. You might need $3000-$5000 for this. This is when you’ll need a small business loan to cover for start up costs. The good thing about direct selling companies is that you can be a member of different ones and carry different products in your store. This way, your clients have a variety of choices upon checking out the products in your store. When your business is in trouble you could try a bad credit loan. A bad credit loan is a loan for people with bad credit.