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6 Ways to Save Your OWN Money to Fund Your Business

Make saving money a priority! Particularly if you have to provide the initial line of financing for your business.

We’ve all heard the phrase, “I can do anything if I put my mind to it!” Well saving money is no different. Regardless of your income, you can save money and get that business started, but it takes discipline! You have to make a firm decision to save and stick to it! Tried and true money advice to save money!

1. Set up budgets.

  • It’s very important that you have a personal budget and also a projected business budget.
    • (Projected simply means an estimate of what you realistically expect to obtain)
  • Gather both your personal and business monthly bills, pay stubs, account statements and receipts from the last 3-4 months.
    • Separate into a “Business” stack and a “Personal” stack.
  • Also, note the due dates for these expenses. Avoid paying bills late at all costs! Late fees and interest charges amounts to money that you use to pay down debt and contribute to your business venture.
  • Using the gathered documents, develop categories for the items you spend money on. Some examples are: Restaurants, Website Costs, Banking Fees, Grocery, Health Expenses, Insurance, Entertainment, Grooming, Clothing, Gifts, Utilities, Rent, Employees, Production Costs, etc.
  • Google “budget templates” for sample budgets or check out the templates in Microsoft Word. However, if you use a template, please remember to customize it to your specific bills and needs.
  • Now, this is where you part ways:
  • Use the “Business” pile and any estimates you have (if your business does not yet have any expenses) to create an itemized list of expenses. At this stage, do not consider the income that your business may generate.
    • Calculate the total expenses (Take into consideration the expenses that will require an up-front cost and won’t necessarily generate a monthly expense (ie. the cost to register your business) and include those as “One Time Fee- xyz” line items). Multiply the total expense number by 3, if you are currently employed and plan to stay employed while starting your business. If not, multiply this number by 6. This number represents that total amount you should have in order to comfortably finance your business.
  • Use the “Personal” pile to create your personal budget. (You will consider your present income for this budget). After calculating your expenses and income, subtract the total expense number from your income number. This number will represent the amount of extra income you have to devote to your business. Include a line item in your Personal budget for “Business” and include this number there. If you calculate a negative number, see the last tip!

2. Pay yourself first.

  • Make sure that your personal budget has a line item for “Saving” and your business budget has a “Salary” line item. These are requirements, NOT options. Pay yourself like you pay a monthly bill, even if you have to set up an automatic withdrawal. It’s very important that you are still able to financially manage your personal necessities.

3. Give some away.

  • I am a firm believer in paying tithes, which is 10% of all of your earned income. Any financial book you read will advise you that a sure-fire way to receive and keep money is through charitable giving. Whether to a religious institution, your favorite non-profit organization, or to somebody you know in need, it should always be a part of your budget.

4. Open a SEPARATE checking/savings account.

  • Seems like a no-brainer, but you’ll be surprised at how many people attempt to juggle business expenses in the same account as their personal account. Although your business must be registered and have a tax id number (EIN) before you can open a business account, I highly recommend saving for your business in a separate account.
  • Make sure neither account charges membership or annual fees.
  • Look for high-earning interest rates on savings accounts.
  • If you have an issue with overdrawn accounts, make the investment into Overdraft protection for your accounts.

5. Kill debt!

  • Saving by its very nature is to have a surplus or an excess. Until you level your current debt to $0, it will be very hard to actually save money, however it IS very possible to set money aside while tackling your debt at the same time. You want to start your business as financially free as possible!
  • Get rid of credit card debt! The interest rates alone have the ability to keep you in financial bondage forever.

6. Shave, shave, shave!

  • Take a look at your Personal budget and shave it down so that you can increase the amount of money you save and put towards your business.
  • Look to save the following ways:
    • Prepare food at home or eat at home before heading to social events.
    • Commit to never go grocery shopping while you’re hungry.
    • Try out generic brands.
    • Change your cell phone, cable, internet plans to match your current need. Look into pre-paid options and utilizing free wi-fi at public libraries and other local venues.
    • STOP using credit cards! If you do not have the cash for a purchase, strongly consider whether you really need it.
    • Take a car pool to work or consider public transportation options.

Global Team Business, an In Depth Look

Now that Global Team Business has officially launched, I will delve deeper into the advantages, benefits and just the plain nuts and bolts of this unique one of a kind opportunity. I am happy to say with much honesty and certainty, that there is but one “starting Line”, regardless of your socio-economic background. I use the words “starting line” not to depict the start of a race, but instead to equate it to a common beginning of a new, fruitful, successful and exciting journey. The journey will be to a place that our hearts have always hoped for and desired. This is an opportunity for all of us to change not only the pattern of our lives, but it is our opportunity to reach for the brass ring and be able to grab it and hold on to it for a lifetime.

In my previous articles, I touched on some of the advantages of Global Team Business. Let’s now take that information to the next level. “SCAM”… that’s the first word that comes to mind when people are asked to describe either their opinion of internet marketing or conversely, describe their personal experience(s) with multi-level marketing (MLM). How many people reading this article can relate to that? Before I go any further, I would like to share with you my own experiences and thoughts. After six years of frustration and failure, huge money losses; getting bits and pieces of education that amounted to nothing, because it was impossible to connect any of the dots, I was about to throw in the towel and give it all up. What I am trying to say is that before I became affiliated with Global Team Business, I, too, would label most MLM opportunities a SCAM because of the deceit and misinformation I received from many “reliable” individuals. Unfortunately, the tarnished reputation we accept as truth comes from people who really do not know what they are talking about. Fortunately for me, I do not base decisions on what people say, and I diligently searched for and found a perfect opportunity. That’s right, I became acquainted with, and part of Global Team Business.

Global Team Business is an educationally fueled company and with the formation of The Cutting Edge Academy they have risen to the top! The lifetime education, and I stress “LIFE TIME” is applicable in any business. The education is broken down into 6 lifestyle modules and this alone gives a person the opportunity to find their passion, even if they are not quite sure of what they want. You must agree that this is absolutely brilliant! The modules are as follows:

Business Development

Personal Development

Financial Development

Health and Wellness

Network Development


As you can see they cover a broad spectrum. These are all usable, valuable educational tools to take us into the future. Mind you, this is not just for internet based businesses! Even your ordinary or extraordinary businesses on Main Street, USA advertise on the internet. Do you see where I’m going with this? This isn’t just about education but about the numerous possibilities you can use the education for. Even writing that brings a smile to my face; just close your eyes and dream of the possibilities. Can you see where you want to be? Just know it is never out of reach, and you can get wherever you want to be. Global Team Business is all about opportunity, it is a catalyst for whatever or where ever you want to go or be. This isn’t just about buying into a business on the internet but it’s about investing in your future and being able to generate an income simultaneously.

In my next article I will start to break down the lifestyle modules! You will get an inside peak at the value and opportunity you receive. Don’t forget about the live training webinars and conference calls! I’m sure you can tell by now that I can’t say enough about Global Team Business and what they have accomplished through their vision and desire to HELP people on a global scale. I am honored to be a part of this organization, and tip my hat to our founders and the entire administration team. I will end this article with one big THANK YOU!

How to Properly Make Your Internet Business Plan

Affiliate marketing is considered one of the most effective and less costly businesses of our days. The fact that you don’t have to chip in money from the beginning in any of the product manufacturing and development, storage space and even advertising makes affiliate marketing incredibly appealing to everyone who wants to start something on his/her own. However, these are claims made by other internet marketers trying to sell you their products. The reality is close enough but there are some money (considerably less than in anything else) needed to be invested in this type of marketing, too. The cash you will spend on launching your business are insignificant, but there are. Don’t let yourself scammed by those claiming that all the money you should spend is on their products.

All of the affiliate programs you’ll need to join require that you own and webmaster a website. This will be the “door” through which they will market and advertise their products. There are affiliate programs that don’t allow you to promote other companies than theirs, on a single website. Therefore, building up a website will make you spend a little bit of money on domain, hosting and other things. Look up for the best offers in this and you can end up owning a website with a very small amount of money.

Many affiliate programs require you to promote them through methods such as newsletter advertising, email, search engines, backlinking, articles for article directories, forum commenting etc. Most of these methods are cost-free and also highly effective so don’t hesitate to make use of them as much as you can.

Pay-per-click marketing is another very cheap method of advertising your products through your affiliate programs. It costs very little and it is very much related to what pay-per-click program you decide to collaborate with. Become very informed and study wise before choosing to work with any of the available programs. Choose a less-costly but also well-known one.

Many of the blogger or already known webmasters have decided to join different affiliate programs and make a few dollars more out of it, of course that this is not their only source of income but it surely does help to make some extra money. Many of them decided to take this path and go with being an internet entrepreneur, after they’ve seen how much potential this business has. Since they’ve already been active on internet every day, why not make some good money out of it? Being constantly active is one of the essential characteristics an internet entrepreneur should have.

If there is anything in your life right now, that makes you feel that you are not ready to start on this yet, don’t let the chance skip away! Give it a thought and keep it in mind until you are ready. Make a steady and secure plan for the entire evolution of your future business and be informed since the internet marketing is something that changes in a matter of days.