Interest rates on 7(a) loans depend on the lender, the size of the loan, and the borrower’s credit history. However, the SBA sets caps on the maximum spread a lender can add to the loan’s prime rate. For loans greater than $50,000 that mature in seven years or less, the spread is limited to 2.25%; that rises to 2.75% for loans over $50,000 that mature in more than seven years. If the current prime rate is 3.25%, loans above $50,000 that mature in under seven years could come with interest rates as high as 5.5%, while loans greater than $50,000 that mature in less than seven years might features interest rates as high as 6%.
OK, Entrepreneurs…  Apparently If You’re Not Earning At Least $1 Million Bucks Per Year From Your Business, You’re Not Doing It Right!  But Guess What…?  T. Harv Eker Is Gonna Show You What You’re Doing Wrong…  WTF???
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
These loans are a very common means of funding small businesses, and can be used to launch a new business or expand an existing business. There is no minimum 7(a) loan amount, though the SBA states that the program won’t back a loan of more than $5 million.
A friend of mine had a baby and didn’t like the style/design of any of the baby products at the stores,  so she started making her own. After getting some compliments, she realized that she could turn her idea into a business that she could run from home (with the babies).
In this video i shared 3 best businesses which helps you to earn money without investing huge money. Yes, there will be some costs, like computer, internet connection, website domain and hosting. These are easily affordable by general people.
There are plenty of charities and other organizations that use events or organized campaigns as a primary fundraising method. If you enjoy organizing events or other money making opportunities, you might be able to do so by creating a home-based business.

Do you like to help people? Are you good at administrative tasks? A Virtual Assistant (VA) is a highly-skilled, home-based professional that offers companies and businesses administrative, technical, and social assistance. The services that you can provide are endless, and all depend on your background training and experience
While it demands creativity, patience and expertise, makeup consulting is a business idea that requires relatively little formal training. There’s a market for customers who just want to spice up their personal looks as well as an opportunity to work with theatrical productions and other organizations that use stage makeup.
Make sure you are buying items that are highly sellable, meaning that you there is a large market so you won’t have to wait years to find a buyer. And be disciplined enough only to buy items that allow you plenty of markup for resale. Specialization, or at least having most of your products fit your specialization, is highly likely to increase your chances of success.
4. Failure: You will fail, a lot. You will fall flat on your face. You will wish you had a steady paycheck. The more you can fail and learn, the faster you will gain experience. Failure doesn’t mean you’re not good enough. It just means you’re learning, which is essential to success. Remember this:
It turns out, he thought the process of starting a business was really complicated. “I don’t want to go through all that stuff,” he said, “unless I’m absolutely sure my idea is perfect.” Like a lot of would-be entrepreneurs, he was stalling because he was intimidated by the apparent complexity of the administrative and legal tasks involved in starting a business.
“I was looking for a roadmap to success as a businesswoman in my last carer change, since I’m now 75 years old. You provided the way and confirmed my conviction that I could still do this. The quality you offer is truly awesome.”
Great ideas. I currently work from home and love it. It beats driving 2 hours in traffic any day. I constantly have people asking me about jobs from home, so I’m going to have to pass this list along.
Henna is a plant that has been used for thousands of years for cosmetic purposes. If you’re an artist who is well versed in the Henna tradition, you can create designs and sell them or apply them at events.
In his book “Fail Fast or Win Big,” author Bernhard Schroeder notes that “angel investors typically only do one to three deals per year and average in the $25,000 to $100,000 range.” He says that these angels may meet with between 15 and 20 potential investment candidates per month. So the odds of grabbing an angel’s attention aren’t especially high, but they’re still better than the chances of getting a venture capital firm to invest in your startup business.
You can buy them in bulk on Alibaba, branded with your own brand for between $1 and $7 each (depending on how many you purchase and how good you are at negotiating), and people are buying them on Amazon for £16.95. Even with all the fees and costs (which we will talk about later), that is still a very good profit margin.
But before you can graduate from side business idea and start earning a full-time living as a graphic designer, you’ll need to build your skills—I recommend starting with reading the foundational book Graphic Design School and Steal Like an Artist, the incredible book by Austin Kleon about how to become more creative. To accelerate your education in becoming a graphic designer even quicker, check out the online courses Graphic Design Fundamentals and The Graphic Design Bootcamp.
Online businesses are becoming increasingly more dependent on content to delight and attract website visitors. However, not everyone is a born writer, which is why businesses are always looking for freelance writers and editors to help craft and polish quality online content. Often businesses are happy to work with remote freelance writers, which means you can potentially work from anywhere in the world! If you’re a knowledgeable wordsmith, freelance copywriting can be a great home-business idea.
If you have done some browsing on Alibaba, you may be a bit shocked at how cheap the factories are selling wholesale quantities of their goods for. Unfortunately, it’s not quite as simple as taking the price you sell it for and minusing the price you paid, There are a lot of costs to include.
Module 4: How to Generate Million Dollar Ideas Every 60 Seconds – This involves thinking big – and often outside your comfort zone.  But even if this makes you feel uneasy right now, Million Dollar Business Secrets shows you how this is a truly learnable skill, allowing you to uncover previously un-thought of opportunities with huge money making potential.
This is a perfect business idea for trained accountants who would like to work from home, although it is not necessary to be a Certified Public Accountant in order to become a freelance bookkeeper—it’s just necessary to have the background knowledge that bookkeeping courses at any community college can offer. This kind of freelance work is especially helpful for small businesses that do not need or cannot afford a fulltime bookkeeper, making it possible for you to have full time work through several smaller clients. Median salary: $34,000.
Whenever necessary, hire outside gurus to get the job done. Focus on the areas of business that you do best, and seek help from the experts in other areas, such as Web design, marketing, graphic design, risk management, and accounting.
Just wondering how many people you know personally, that saved and invested, especially if they made minimum wage, weren’t college educated, had a family to support, etc. and became as you say, ‘filthy rich’ by following the principles of this page? People read simple-minded articles and poor things, if they are simple-minded enough to believe the garbage.
Even the portrait and general-interest options, though, aren’t really for beginners. Photography businesses can be complex operations, with lots of equipment required and years of portfolio and relationship building necessary to really get steady income flowing. Still, if you’re a hobbyist already, starting a photography business as a side operation is a great way to make some extra money and possibly begin a career change.
Are you crafty? Sell your handmade items on sites like Etsy, 1000 Markets, Art Fire, CraftStar, or Folksy. You can also set up shop at flea markets, conferences, and boutique shows. Make custom orders or teach others how to craft too on sites like Craftsy.
Great post. My husband has been selling used books on-line for 10 years…It’s not enough to fully support our family of 6, but it does afford us a lot of flexibility. We both work other odds and ends spot jobs and it ends up working out. We have also had the flexibility to be volunteer managers at a church camp in the summer. (Right now the camp can not afford a manager) I’m pioneering a women’s conference and event ministry. I’ve always been very greatful for the freedom we have. My husband helps at the kids schools, apointments are easy to make, and the stress is less. It’s been a sacrifice in some ways but worth the gains in time and flexibility for sure.
Now let me tell you a bit about the guy behind Million Dollar Business Secrets – T. Harv Eker. Eker is the author of the bestseller book of New York Times – Secrets of the Millionaire Mind which was also #1 on the Wall Street Journal’s business-book list.
Intermediary lenders typically have specific requirements for Microloans, including personal guarantees from the entrepreneur and some form of collateral. Borrowers are also sometimes required to take business-training courses in order to qualify for the microloan. Microloan lenders in a given area can be identified at SBA District Offices.
7(a) loans are repaid in monthly payments that include both principal and interest. Interest-only payments are permissible during a business’s startup and expansion phases, subject to negotiation with the lender.
Planning vacations has become much easier for individuals in recent years thanks to lots of new online tools. But companies and large groups still often need help when planning and organizing travel arrangements. So if that’s something you enjoy, you can offer your services to clients.
If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it’s been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won’t have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
Is your passion, fashion? Then use your knowledge to help other women discover their own sense of style. Personal Stylists, sometimes called Image Consultants, assist clients with new wardrobe shopping, accessorizing, makeup, hair, and generally revamping their appearance for an overall new and fresh image.
Do you love to write? We’ve all heard of best-selling authors J.K. Rowling and Stephenie Meyer, but thousands of women are writing their way to work-at-home success. The opportunities and possibilities are endless, everything from writing children’s books, to self-help books, romance novels, and cookbooks. Don’t worry — you don’t have to write a book to be considered an author. If you prefer to write magazine articles, check out this article to get started.
The only thing better than the smell of grandma’s chocolate-chip cookie recipe baking in the oven is watching cash roll in as customers order those delectable treats. Home baking is an approachable business idea in that it involves doing what you’re probably doing a lot of, anyway, if you love to bake. You probably have all the equipment and expertise you need to get started.
I’ve been getting so much feedback with great business ideas from my community and in the comments, so I frequently add to this post. If you have side hustle ideas you’d like to share (or personal experience with a side hustle of your own), please add to them in the comments below!
The odds of success are long. Only about half of new businesses survive for five years, and only a third remain in operation after 10 years. Despite this, a small percentage mature into stable small- to mid-sized businesses, while a microscopic fraction becomes the stuff of legends – like Apple or Hewlett-Packard, companies born in garages that ultimately ascended to the highest ranks of American business.
You can rent it out as little or as much as you want and can list it to rent by the night, week, or month. They offer a $1,000,000 guarantee to protect you from any kind of property damage that was caused by renters.
Well, the biggest ‘con’ is that you don’t think that you need to change what you’re doing when it comes to running your business. And the biggest culprits are people who’re already ‘doing OK’ in their chosen field.  But hey!  Who wants to simply be ‘doing OK?’  After all…  If you work for yourself, you want to be set free from those 16, 18, or even 20 hour days, and have the freedom to enjoy your life along the way.  Not to mention seeing the profits hit the 6-figure mark…
Amazon reselling – You can sell products on Amazon. You can import products to sell or buy low and resell. If you enjoy finding great deals and make a profit, Amazon reselling might be a good business for you.
It may be difficult to keep up with payments in the months before your business generates enough revenue to start paying down the debt. If you do plan to use credit cards to fund your small business startup, it’s best to use cards offering rewards or cash-back programs for business purchases. Also, if you plan to borrow the money for a short period – 18 months or fewer – look for credit cards with a low or 0% introductory annual interest rate (APR).
Being practical is extremely important when you are toying with the idea of starting a business. You need a steady source of income before you can set up your business, so it’s advisable to hold onto your current job. By retaining your present job, you will be more secure when you need to take risks.
Do you have experience writing grant proposals? As a grant writer, you’ll specialize in writing persuasive proposals that persuade individuals to donate money to a specific cause. You can find grant writing jobs on Freelancer.com and Upwork.com.
Well-structured course – The main idea behind this course is to show you that the biggest difference between the rich and the poor is not in how much money they have but in how they think about the money. These differences are logically grouped into 4 modules making the course much easier and understandable.
When I used to work at CreativeLive, I regularly paid $250-$500 (or even much more depending upon audience size) per episode for 90 seconds worth of advertisements on relevant podcasts like The Tim Ferriss Show, the #1 business podcast right now from the 4-Hour Workweek author, Tim Ferriss. The podcast has even helped Tim launch his latest New York Times bestseller, Tools of Titans to a wider readership.
Far too many people are utterly obsessed with coming up with a million dollar idea in the hope it will make them millions of dollars. And while some people do actually manage to do this, it’s not the smartest way to tackle the financial goal you’ve set for yourself.
If you’re even a bit artistically inclined, selling products on Etsy can be a great work-from-home business. Users love checking out Etsy for unique specialty gifts, and many customers appreciate how easy it is to order custom pieces from Etsy stores. See what’s selling out on Etsy and consider whether you may be able to offer something similar.
Complex ideas are interesting. But they’re not useable. It’s too easy to get bogged down trying to figure out how to make them work for you. Hours spent debating, processing, planning, and strategizing easily become wasted time – and lost revenue.