How to Start a Business in a Downturn

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 11, 2011 -- Getting finance to start a business during a recession means positioning yourself for success with a profitable business model. If you have the right attitude, the solution is top tier direct sales.

In a recent interview, online entrepreneur Jay Allyson explained how she hit the big success with Wealth Masters International after 5 years frustration in a home business and debts left from sour property deals back in 2008.

How? She leverages the power of the WMI top tier business compensation plan.

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How to Start a Business in a Downturn

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http://jayallyson.biz

“If you’re in a big hole financially, then you need a strong ladder to climb out! It’s that old saying ‘you have to speculate to accumulate’. If you try to start your own business on a shoestring, you will struggle. It’s entirely possible, many do it, but for most people, you need more leverage than your enthusiasm and determination alone.”

“If you don’t have funds, you need time, determination and a winning attitude. If you have funds but not time, you need to know where to put your capital for maximum effect.”

With banks increasingly tightening their purse strings, securing finance is becoming increasingly difficult for people wanting to start their own home business. We understand this at Wealth Masters more than anyone!

Wealth Masters International is the world’s premier wealth creation community. Their educational programmes encompass wealth, health and wisdom and support people not only to keep, protect and grow their money even during the downturn, but also to grow in confidence and develop a mindset of success and abundance.

- Get your finances in order first so you know how much money you really have coming in and going out. Identify where you can make cuts in your personal spending - the so-called ‘cappuccino’ costs. Saving just £10 a week can cover the running costs of your WMI business!

- Getting a loan is still possible during a downturn. If your personal finances are well managed and you have some part time income coming in, starting a new business is a sound reason to apply for a short term personal loan.

- Be creative about where you can find short term sources of finance - personal loan, balance transfer to a credit card, draw down on your home equity, borrow against your pension or other.

One of the clever ways to finance your start up these days is to do a balance transfer to a 0% credit card. This can give you interest free lump sum, which can with some cards be paid directly into your bank account. Just do an search online for the best offers. Some companies require very small transfer fees (1.9% to 3% which you can add to the transfer amount) and up to 16 months to repay.

As a top leader with Wealth Masters International, Jay Allyson remarks:

“The WMI compensation plan pays our consultants direct sales commissions of up to $9000. In my many years experience of helping people start a home business, one thing is true: When you invest a considerable amount of time and money in something - you rarely quit until it pays off!"

"Our most successful consultants are those that find the funds to position themselves at the top - they work hard, they work smart, they persist, they grow. But this business model makes a lot more financial sense than investing £15k or £150k in a franchise, working 24/7 and seeing no profits for several years.”

Jay Allyson is an home business success coach, Pro Certified Master Marketer and an Elite m3 Master Consultant with Wealth Masters International. She teaches people how to achieve lifestyle success through online entrepreneurship, personal branding and wealth creation.

Submit an application to join Jay's personal team today and Start a Home Business with WMI today.

More information can be found online at http://jayallyson.biz

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