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Funding Your Start-Up

When push comes to shove, friends and family are the ones to turn to.

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This story appears in the January 2002 issue of HomeOfficeMag.com.

Once you've committed yourself to starting a homebased business, you've taken a major step toward being a full-fledged entrepreneur. You have to be passionate about what you're doing-otherwise, you might as well hang on to that 9-to-5 job and enjoy the security of a steady paycheck. So if you know exactly what you want to do and how you want to do it-i.e., you've done your research and come up with a plan of action-consider yourself destined for greatness.

I'm guessing, though, that you're still facing the obstacle of coming up with the money to make your idea a reality. This is one of the thorns in the side of every typical entrepreneur-typical in the sense of not having a huge inheritance or lottery winnings to fall back on. So that leaves you with the quandary of raising money.

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