10 Creative Ways to Finance a Startup Business

10 Creative Ways to Finance a Startup Business

Funding your start-up can take some time and some foresight however, these 10 creative ways to finance a startup business will give you the boost you need – take a look.

Personal Finance

While most people will think that personal finance is not the most creative of financing option, there are actually a lot of entrepreneurs who have not thought about this.  They will not consider saving up or using their personal savings for their start up.  Most investors will not look at putting money in your venture if they do not see that you have some investment as well.

Unsecured Business Loans

Unsecured business loans can be a fantastic way to get credit and can provide a fast turnaround, so your start-up gets the money quickly. Application processes are typically fast and you can learn more about the whole process from a reputable finance company like https://www.unsecuredfinanceaustralia.com.au.

Family And Friends

Your family and friends are the people who believe in you and will want to see you succeed.  They are also more likely to provide finance without you having real customers or hard assets.  Of course, you should always get this financing in writing or in promissory notes where you convert the loan into equity at a future date.

Peer-To-Peer Lending

Peer-to-peer lending is a newer finance option and works by finding a group of people who lend money to each other.  While this has been around for years, startup businesses are still new to this.  It is best that you look for a lending group that is willing to fund new ideas because not all lending groups will.

Use Crowdfunding

The power of the internet is great for finding people who share your ideas and are willing to provide a small about to back your startup.  Crowdfunding has spread from being for non-profit organizations and you can offer pre-sales or other rewards for people investing in your venture.  The JOBS act which was passed last year will also allow people to make small equity investments this way.


There are a number of non-profit and for-profit organizations that offer small loans of up to $35000 in an effort to promote entrepreneurship.  These loans are generally given to people who are unable to secure a loan through the bank.  Some examples of these loans will include the Patriot Express loans.

Vendor Financing

If you require tangible stock for your venture than most manufacturers could be convinced to defer payment on the goods until they have been sold by you.  This will mean an extension of the normal 30-day payment terms that the business uses.  The extension will generally depend on your credit worthiness and the extra fees that you are able to cover. Here is a good piece from Investopedia.

Purchase Order Financing

One of the most common problems that start-ups face is their inability to accept large new orders as they do not have the capital to build and deliver the product.  PO financing will be able to help as the companies offering this will generally advance you the funds to pay the supplier.  This allows the transaction to be completed and for the profit to flow to your business. 

Factoring Accounts Receivable

This is a similar option to PO financing but looks at the unpaid amounts that you are due.  If you have a high volume startup then this will help you scale up.  You can provide cash on your sales immediately instead of waiting for the 30-day payment period to pass.

IRA Financing

Investment retirement account funds and 401(k)s are perhaps the most accessible of the alternate funding sources.  You will not be able to use your own funds for your startup, but other people will be able to loan you money from their self-directed funds.

The 10 Creative Ways To Finance A Startup

13 Powerful Money Lessons Every Single Mom Must Learn

13 Powerful Money Lessons Every Single Mom Must Learn


This little guide is an introduction to the 13 money lessons that will bring you peace, prosperity, and a brand new outlook on money. I have learned these lessons my life as a single mom. Being financially responsible for my children basically forced me to learn these lessons because I did not want to be a welfare mom statistic.

The tips in this booklet range from ways to control your financial life to a plethora of savings strategies for your big and small dreams.

Managing money as a single mom (or anyone) can be challenging when the income source is deficient. The secrets discussed here will show you how to use what you have, heal from your disappointments, and learn how to magnetize more money.

Let’s dive in!

1. Controlled Spending = More Freedom

single mom financial freedom

To turbo charge your financial life begin by developing a spending plan to avoid overspending. If the word budget conjures up feelings of restriction and lack; call it a spending plan.

Understand that when you develop a spending plan you feel more in control and it’s easier to stop overspending.

The first thing to do is think about and list everything you need, and then assign a dollar amount to each item.

Review your past spending trends to get an accurate look of how much you spend for bills, food, clothing, car/ transportation, and entertainment.

Review your bank account online for a ready source for seeing where your money goes.

2. Give a Kid a Dime He’s Happy for a Day Teach Him About a Dollar He’s Set for Life (Kids & Money)

Teach your kids how to create and maintain a budget. Because the older they get the more money they will want.

Kids should know how the money is spent so that they can be more sensitive to money limitations.

When kids know approximately how much money is coming in and how much has to go out to maintain a life they will be more sensitive to your role as provider.

Knowledge about financial obligations might encourage kids to find ways to earn money on their own.

3. Hedge off Disaster or Head to Vacation (Rainy Day Funds)


Have a savings plan to prepare for emergencies? It is hard to predict when an emergency will happen that requires a large chunk of cash.

Putting away money for a rainy day is very empowering (I’m speaking to myself here).

If you have money saved, that is specifically for these times, your stress level will go way down.

A stash of cash can relieve feelings of desperation and resorting to uncharacteristic behaviors.

Most financial gurus recommend that you have $1k-3k in savings. If you can manage to save at least $500 that is better than nothing.

Open up a separate account for your rainy day fund. Use your tax refund, raises, or other windfalls of cash to fund this account.

4. Get Smart About Child Support

parentsarguesmGet child support payments direct deposited if possible. There is nothing worse than waiting for a check to arrive in the mail from your ex.

If you are getting support through the state, you should have the direct deposit option.

If you have an agreement with your ex, insist on having the funds automatically transferred to your account. The money will be taken out automatically so you won’t have to worry about getting the funds on time.

If you are not getting child support, please find a way to get it. For more information, read the e-book, Stop Whining and Start Winning Child Support.

5. Keep More of Your Money in Banking Transactions

make money blogging

Join a Credit Union to avoid outrageous bank fees.  Your money will earn interest over time.

If you are eligible to join, you can easily become a member by completing a membership application, depositing and maintaining the minimum par value of a share (generally ranging from $5 to $25), and paying a one-time membership fee if the credit union charges such a fee.

As a member, you will have the right to vote at the credit union’s annual membership meeting for the credit union’s board of directors and its other officials.  All of the officials are comprised of members, like yourself, from its field of membership. (MyCreditUnion.gov)

Banks are notorious for nickel and diming people to death. There is a fee for everything from checks to account balances below a certain amount. A credit union may be available through your employer, your state, or your school. Find a credit union near you.

An alternative is an insurance-run financial institution like USAA or PenFed. These types of banks

6. Knowledge is Power for Purchases (Research, Research)

research prices for best deals

Research products or services online for quality and price before purchasing. Before you go out and buy a product or hire someone to do a job for you please, please check online.

When you research prices and quality of service you can same much time, effort and possible frustration.

Places to go online are Google, Amazon.com, ePinions, Znet.com, Cnet.com, Consumer Reports, and a few others.

Get the inside scoop on the quality of a product and can get a good idea about how much it will cost. You can never go wrong with good research.

7. The Art of Making Extra Money from Your Expertise

make extra money after work

You can find a way to make extra money from your skills and talents. I talk about this on my blog and now I am talking about it again.

Have multiple streams of income; it is almost a sin if you don’t.

Your extra income doesn’t have to be consistent at first but enough to give you extra money for the special thing you want to do or have.

Do something you are passionate about or just be able to see what people need/want and fill it.

Check out Rich Single Momma for side hustle ideas.

Take a class on starting a business through the local Chamber of Commerce or SCORE. You don’t have to have an MBA to run a business but you can take a class.

8. Master Your Mindset About Money as You Think So Your Will Money Be

Master Money Mindset

Change your thinking about money. For many people, especially single moms, money has many negative connotations. You don’t have it, there is not enough of it, and you don’t know where the next batch is coming from. We have a tendency to think that it is out of reach so we struggle with it.

Money is simply a tool to get the things we need and want. Of course not having it and thinking about your lack will not make it come to you any faster.

When you change your thinking about money, see its true purpose, and realize it’s abundance, you will have more of it.

Remember that there is more money available for you. Whenever I have to pay a bill, write a check, or spend money I keep that thought in mind. I will have more, not because I am doing anything special but because I just know that it will come again.

Let the money go to receive more. Think of it as a Money Cycle. Sometimes we get so caught up in holding on to money with such tight fists that we fail to realize that, “a closed hand cannot receive more”.

9. Creative Ways to Get Anything You Want with Little to No Money

When you look around the world it seems like everything requires money, but I want to share a little secret with you. It doesn’t.

There are ways to get anything you want out of life with little to no money. All it takes a bit of outside the box thinking and a little creativity. Read on to find out how to get more out of life with less money.

Discover other ways to get what you really want (money may not be the bottom line). With money constantly on the brain we forget that it is not what we really want.

The true needs are:

  • A roof over our heads
  • food to eat
  • clothes to wear
  • a problem solved

If you can look past money and see the true need or want, it’s easier to release the tension and negative thoughts about money and your situation.

Open your creative eyes and you find ways to get what you need without being burdened by the “not enough money” syndrome. 

Bartering with Family/Friends

Barter with others including moms, small businesses, your health providers, etc.

Bartering was the first form of exchanging goods for services.

The basic idea is to give something to get something. You may have something that others need or want. It may be a product, service, or personal item.

Others may have what you want so you come to an agreement to exchange things or time instead of money.

The barter system is a temporary way to get what you need when money is flowing in slower than you want.

Join a Barter Club13 powerful money lessons single moms should learn

There are bartering clubs all over the world. I belong to a club called TradeBank, and organized bartering club. I get what I need from members of the club using trade dollars. The value of a trade dollar is just like a real dollar.

You earn trade dollars by performing a service or delivering a product. Your trade account grows and give you more trade power. You can get medical, dental, contractor, retail, and other services. The Tradebank network is currently in cities across the US.

Here is a list of other barter clubs:

Join or Organize a Swap Meet/ Trade/ Exchange Group

Look for local swap meets with a regular schedule. You can connect with other women who have clothes, shoes, kids’ items, baby equipment, etc. that they want to swap with you. If you do not find one in your area you can start your own with ladies in your neighborhood, church, or community center. You can find out about swap meets on Facebook, Craigslist, and other community newspaper or classified ad sites.

Check out Freecycle Groups

People are always giving away free stuff in these groups. They’d rather give away stuff they don’t need to people who can really use it and appreciate it. There are hundreds around the country so you should be able to find one in your area. I’ve seen (and given away) furniture, equipment, clothing, and so much more. Here is the Freecycle link to check it out and find one in your city.

10. Truth About Being Need-y vs. Want-y

Learn to separate your wants and needs

Sometimes it is hard to separate our needs from our wants. Air, water, food, and shelter are really the only things we need to survive. Okay we need clothes too, but the basics are few. The rest of the stuff is optional.

Plan your purchases

  • When you see that you need (or want) a new thing it is very important to plan the purchase.
  • Write down what you need/want, do the research, save the money, and then make the purchase.
  • Make the wanted item a reward for doing certain challenging tasks that you may be procrastinating about.

11. The Giving and Gratitude Cycle is Huge for Prosperity

Your attitude about money plays a big role in how prosperous you become (and remain).

There is a saying, “the more you give, the more you get”. I’d like to add my own twist to it; “the attitude of your giving determines the altitude of your getting”.

The more grateful or thankful about the money in your life the more you will get. The more grateful for the things you have in your life the more you have. The more grateful for the people who help you the more people want to help you.

The same goes with the way you give. Give more (with gratitude) and you get more.

The interesting thing is you will rarely receive from the same place you gave. In other words, you will most likely not get anything from the homeless man on the street or the person you give a bag of clothes. You will get from a completely different source and often you will get back double what you gave.

Here are a few ways to practice giving with gratitude to increase your prosperity:

  • Pay your bills with a grateful heart. The services you receive in exchange for your money are essential for living.
  • Be grateful because you have the benefit of using the services provided by the city, phone company, car finance company, and on and on.
  • Allow the changed perspective to change your attitude about paying bills. You could be in a homeless shelter, unemployed, or living with your parents
  • Lights, water, a car, gasoline, food, and many other necessary services are reasons to be grateful. Paying the bills is a blessing so pay with a happy heart!

12. Get Obsessive-Compulsive About Saving

Get creative with your savings techniques. Piggy bank, change jar, online interest bearing account, PayPal, or mattresses. All of these items and location are places to save your money.

Where Will You Save?

It really isn’t about where you save it but how you save it. Here are a few ideas to get your saving juices flowing:

  • Savings can come out in addition to tithe or other charitable donations.
  • Savings may come out before taxes on the payroll into a 401K account.
  • Still others save all their loose change and deposit it when it overflows the container they are using.

The key to the savings method you decide to use, is to be consistent.

Saving $5 or $10 per pay period or per month is better than saving nothing at all.

Keeping it safe from your prying hands may be a challenge but when you commit to saving, and you have a purpose behind it, you will leave it alone.

The Big Savings “Why”

Decide why you are saving your money, find a picture to keep prominently on your bathroom mirror, and start saving.

Tape a picture to the fridge, go to online and look at the features, and plan how you are going to use item you want.

Save or invest your windfall (tax returns, student loan refunds, stimulus checks, monetary gifts).

Windfall Savings Method

The tax season is prime time for a money windfall especially for single moms. The child tax credit and earned income credit is the reason we get a fat tax refund.

Commit to saving at least half of your refund. Use the other half to pay down debt or may annual purchases such as car registration, insurance, or other yearly expense.

Save all, some, most of your tax refund for your rainy day fund, vacation fund, or the kids need braces fund.

When you get that stimulus check put that in the pot too, along with your student loan refund, and that birthday gift money.

If you play the lottery, put your winnings in there too! 😉

13. Embrace True Independence and Make Awesome Financial Decisions

Too often we are focused on the loneliness of single motherhood so we can’t see the blessing it is to be independent. If you can see past the negative you will discover that your independence is a ticket to an amazing financial life. Change your mindset so you can change your life. Here are seven perspective shifts you can make to embrace your financial independence:

  • Relish the thought of not having to answer to anyone for your financial decisions. As a single mom you have such autonomy.
  • Every purchase you make for the benefit of you and your kids is worry free.
  • To save or spend; get in debt or get out of debt is all up to you.
  • There is no one to question you or blame you if there is no money in the bank and you don’t have to fight with anyone about balancing the checkbook or taking money out without letting you know.
  • Money is one of the major reasons for divorce so there is something to be said about separate accounts and a house account.
  • Resolve any money issue you have and get settled before embarking on a new relationship.
  • Just promise me that you will check out his financial history and habits first before committing to a long-term relationship or marriage with him.

Now that you know these 13 powerful money lessons, pass them on to your kids so they will have the best financial start in life. You are their best teacher not because of what you say but because of what you do.

Which of these lessons will you apply to your life first?


5 Side Gigs That Will Help You Pay for College

5 Side Gigs That Will Help You Pay for College

5 Side Gigs That Will Help You Pay for College

Let’s face it — college is expensive. Whether you’re still in school trying to pay for textbooks and housing, a professional facing your student loans or a parent saving for your child’s future tuition, the cost of an education can result in debt that looms for decades. More people are finding that full-time jobs are not even beginning to cover the costs. Today’s side gig economy and sharing economy offers many different avenues to supplement your budget and ease the burden of education-related expenses, all while providing flexibility and self-determinant hours.

Drive for a ride-sharing service

5 Side Gigs That Will Help You Pay for College driving for uber lyft

ArtsyBee / Pixabay

Do you have a car, auto insurance and some spare time? Ride-sharing apps, like Uber and Lyft, offer an opportunity to make quick cash by driving riders in your local area, using your own vehicle. Drivers work as independent contractors and receive a payment based off of how many hours or miles are logged each week. “They make it extremely easy to make quick money if I need it,” says Aidan Monheim, a student at the University of Massachusetts-Boston who drives for Lyft in his spare time to earn money for utilities and other bills. “It allows me to be flexible around my classes and earn money without working a set number of hours a week.”

Rent your room

5 Side Gigs That Will Help You Pay for College renting your guest bedroom as a side gig

JamesDeMers / Pixabay

Another “side-gig” opportunity that is gaining popularity is the home-sharing industry. Apps like Airbnb and HomeAway connect would-be travelers with locals willing to rent out rooms, or their entire home. Simply list your place on the site, and screen candidates based on your preferences. By listing your residence during peak travel times and arranging to stay with friends or family, renters can earn supplemental income for their education, with very little effort.

Become a direct seller

Direct selling provides a flexible opportunity for people to make additional income on their own terms, and within their own networks. Take Nakul Arora, for example, who became an Amway Independent Business Owner to help pay for business school. Amidst earning his degree, working full time as an accountant, and studying for professional certifications, 25-year-old Nakul worked his direct selling business in the evenings. “I saved every penny I earned through my Amway business to help pay for my education,” says Nakul. By joining a successful company like Amway, a global leader in direct selling, you can share and sell high-quality products to your friends, co-workers and colleagues to earn additional income. The unique flexibility of direct selling offers an opportunity for you to work as little or as often as you want, around traditional day jobs, classes, family, or other responsibilities.

Work for a home services company

5 Side Gigs That Will Help You Pay for College repairing handy man woman to make extra money

Merylin / Pixabay

Often described as the services used by those with more time than money, apps like TaskRabbit, Handy, Thumbtack and HomeJoy offer opportunities to get paid for home cleaning and maintenance work. Seemingly simple tasks, such as cleaning a home, mowing a lawn or assembling a piece of furniture can run up to $50 an hour. And the best part? Like Uber, direct selling and other gig economy services, you work on your own terms and can make your own schedule around studying, work or other commitments.

Sell your old stuff

5 Side Gigs That Will Help You Pay for College sale junk at yard sale to make extra money from home for single moms who need cash quickly

mermyhh / Pixabay

Is your closet piling up with unwanted clothes and shoes? Maybe you have spare furniture cluttering your storage space, or a drawer full of old electronics. Why not turn your clutter into cash? Apps like ThredUp, PoshMark and LetGo offer opportunities to sell your stuff in an auction-like setting, and do all the work for you — simply list your items, watch them get purchased and place them in a shipping bag that is provided by the company. Selling old items is an easy and painless way to make extra money for tuition, textbooks, or loans. (BPT)

Get Paid Great Money to be a Dog Sitter

Get Paid Great Money to be a Dog Sitter

Make extra money as a dog sitter with Rover.com. If you love dogs you can make money as a dog sitter in your home or theirs. Rated positively by Yelp and the Animal Humane society

Earn  $2,000-$5,000/month

From the website:


  • Great Income Rover sitters earn $25-$60 per night for each dog they watch, and can easily earn $2,000-$5,000/month. Plus, we’ll handle all the billing and payments for you.
  • You’re in Control You set your schedule. You choose your rates. Watch dogs in your home or in your client’s home–whichever you prefer.
  • Tools for Success Launch your dog-sitting business. Rover gives you the tools to succeed and advertises to continually bring in new clients.
  • Support We’ve got your back. Every stay booked through Rover includes complimentary premium insurance, and the Rover support team is always ready to help.
  • Adorable Dogs Getting paid to play with dogs? Yes, please! Many Rover sitters left stressful careers to become dog sitters. Earn money doing what you love.


Single Mom Makes a Living Dog Sitting

Read about a single mom who is making ends meet from dog sitting: http://www.twincities.com/turningpoint/ci_27929051/turning-point-minneapolis-single-mom-gets-her-life

Earn even more by offering dog training, dog treats, dog outfits, and healthy dog recipes. This side business has great potential of becoming a full-time opportunity. You will be able to make your own schedule, be there for the kids, and enjoy the work you do every single day!

Earn $5 with Square Cash App

Earn $5 with Square Cash App

Every now and then I come across a cool deal for some quick cash! Today I found out that I can send you $5 simply by texting you a message. Yes it sounds crazy but I got $5 deposited into my bank account just by texting a friend of mine.

I can send you $5 right now if you simply text me your smartphone number to 404-939-6179. Put $5 request and your name in the message so I know who you are.

You just click the link, download the money transfer app and follow the instructions. You will get $5 instantly into your bank account and so will I.

You have nothing to lose so take a minute to text me so you can have your $5 deposited into your account today.

How the Square Cash App Referral Works

The Square Cash App offers a $5 referral bonus for me and you when a current Square Cash App user (that would be me) refers a new user (that would be you) who links a debit card.

Square Cash lets you send money to and receive money from anyone with a registered phone number or email address via your linked debit card from your bank account.

I love how quickly you get the money in your account. The transaction fee is tiny but it’s so worth it to get instant cash from family, friends, or customers.

Get Your $5 Now

So what are you waiting for? Text me your smartphone number to 404-939-6179 (tell me to send you $5) and I’ll send you my invite link. That’s it! Once you are in you will be able to send an invite link to your friends and get another $5! It’s a win-win all the way around!