From Dwayne Wright -

This is part of my ongoing series or articles about setting up your own software publishing business (cause FileMaker is very good option for doing that). This was originally published by me in a guide called FileMaker Software Publishing back in 2002.

As obvious as it sounds ... before looking for places where you can get money for your business ... take a moment to decide how much money you really need. This leads us back to the business plan. You could start the ball rolling by defining a budget. I can see you wincing again ... planning ... budgeting ... maybe this own your own business isn’t what it’s cracked up to be! Well, that is a good point.

Back to talking about budgets ... this is beyond the scope of this guide. There are a number of great books on the subject and literally dozens of web sites that might help as well.

There and number of ways to finance your business which can include but are not limited to your own capital contribution, your credit cards, bank loans, loans from friends or family and finally venture capitalists. Using your own money or your credit cards can give you more control of how the business is run on a day to day basis. However your money, your spouses money and the money you have available for your children can be at risk. Loans, particularly all loans from friends, are normally available at much lower interest rates than credit cards. Unless you can swing a way to get credit card financing at a low rate. There are special offers that come along from time to time and I know of some small companies that float money between these types of offers. Venture capitalists take a part of your company which may be or may not be something you are willing to give up.

Again, if you are moonlighting, you might consider financing your business on a single dedicated credit card. Use just a credit card for only your business purchases and for all your business purchases as possible. Some card companies will send you detailed reports at the end of the year on how you spent your money. This can go a great way to enhancing your business plan, doing taxes and securing a loan for your business in the future.

More info about the author and FileMaker in general, contact me at

© 2007 - Dwayne Wright -

The material on this document is offered AS IS. There is NO REPRESENTATION OR WARRANTY, expressed or implied, nor does any other contributor to this document. WARRANTIES OF MERCHANT ABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE EXPRESSLY DISCLAIMED. Consequential and incidental damages are expressly excluded. FileMaker Pro is the registered trademark of FileMaker Inc.