Month: January 2012

Innovative Way To Finance The Entrepreneur Dream


Borrow from your future

Statistics show that more than one million people in the United States start a new business each year. That number would be much higher if all the would-be entrepreneurs had the financing required to get a business up and running. In order to accomplish their dream of business ownership, entrepreneurs are finding new and innovative ways to finance their new ventures.

According to Leonard Fischer, President/CEO of BeneTrends, one of these new financing options is the use of a person’s existing retirement funds-a pension, profit sharing, 401(k), IRA-which allows that person to start the business he or she has always dreamed of without tax penalties, consequences or mountains of debt.

Under the Employment Retirement Income Security Act (ERISA), retirement funds can be transferred into usable capital for business investments or operations. If a person has more than $40,000 in a retirement account and is not currently employed by the company that holds those funds, he or she qualifies for this Small Business Administration (SBA)-recognized financing approach to start a business.

Permissible uses of funds

Retirement funds can be used for any business purpose, including:

  • Purchasing a franchise or existing business
  • Start-up expenses, such as purchasing property, equipment, etc.
  • Working capital, including paying salaries, franchise fees, etc.
  • Business expansion, such as funding additional franchises, locations, etc.
  • Equity toward SBA or other loans.

    The thought of dipping into one’s retirement can cause some apprehension. Through this investment strategy an individual actually has more control over his/her retirement-instead of gaining minimal growth dependent on the stock market, those savings are actually being invested in one’s own business. This approach often allows an individual to set aside more money for retirement than ever before.

    Use a plan expert

    “Today’s entrepreneur faces an environment of tremendous competition, complexity and opportunity, so starting a business the right way is more important than ever,” says Dr. Germain Boer, Director of Vanderbilt University’s Center for Entrepreneurship. “This financing method is a good option for an individual who has accumulated funds in his/her retirement accounts.”

    The entire process generally takes two to four weeks to be completed, and can be done by phone, email, fax, FedEx and regular mail.

    Working with an experienced employee benefits plan expert, starting a business is as simple as these four steps:

    Next steps

    1. Establish a C-corporation.
    2. The new corporation creates a retirement plan.
    3. Funds are rolled over into the corporation’s new retirement plan.
    4. The new retirement plan purchases the stock of the corporation.

      “So many people have watched their dream of owning their own business go out the window due to lack of funding options. We help people achieve that dream every day using money they already have,” says Fischer.

      If you’re ready to explore this innovative financing option, be sure to consult an expert to guide you through the specialized process.

      Buying Quality Traffic on the Web for Your Website

      Purchasing traffic from Web businesses can be very difficult. There are many of these websites selling traffic, but it is not easy to decide who to buy from. Many of these websites can be found by doing a Google search for “buy website traffic”, or something similar. Most of them are resellers who buy traffic from wholesalers and redistribute the traffic at a higher price to webmasters.

      Some of the traffic purchasing websites offer general web traffic, and others may offer category or regional targeted traffic. Other traffic websites may even offer adult and casino specific packages, because general traffic does not allow these types of sites. Any type of traffic that is not general web traffic is sold at a much higher price, because it is harder to collect and sort.

      There are some very odd things about most traffic purchasing websites. It seemed that even though each site design was different, the general idea was the exact same thing, and even most of the text is copied word for word. Many of the websites have both numerous spelling errors and severe grammatical mistakes indicative of bad translation from another language.

      The site designs were also flawed, such as a missing purchase confirmation page. Many sites do not even list an email address, but instead have a form to fill out and submit questions to them with. This is a bad method of communication and is used to hide the company’s real email address.

      Many of these sites are scams, based in Asia or other foreign places. They will take the money, send fake “visitors”, and become impossible to contact. This article lists the main details to watch out for, and to help webmasters and site owners avoid trouble when marketing their site. Here are a few main points to take note of on a traffic website before making a purchase:

      Look for website design and content.

      Is the website well made? Are there sections for support/contact, FAQ, about the site, terms/disclaimer, and a straightforward ordering form?

      Spelling and grammar.

      Does the website read well? Does it look badly translated and poorly designed? Are there obvious mistakes on main pages?

      Contact and Support

      Test the customer support, ask a few questions before making a purchase. Do they respond quickly and answer all your questions?

      Check their refund policy.

      Will they give you a refund if you are not satisfied? What are their terms for refunds?

      Are they based in a reputable area?

      Is the company based in the USA, Canada, Europe, or is it in China, Russia, or another country where scams a prevalent?

      Compare prices.

      A very low price can be just as bad as a very high price. A low price suggests a possible scam, and a high price suggests a ripoff.

      Check traffic delivery timeframe.

      Do they guarantee that the traffic you purchase will be delivered in 30 days?

      All these points are things to take into consideration before buying traffic for a website. A legitimate web traffic providing website can be a great marketing partner, and generate a lot of money, but a illegitimate one is nothing but a scam.

      One website that provides real traffic can be accessed by accepting this . They are very easy to contact, and provide legitimate traffic. They are also have a global reach and have a top-notch website for ease of use as well as legitimate training programs, easy-to-use software and ordering new and up-to-date tools and other resources.