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iQuestions Faculty, Randy and Elizabeth Draper 
 
 
Question: 
 
Our personal funds are limited. What other possibilities are there for 
financing our home-based business? 
 
Answer: 
 
ELIZABETH: If you’re sitting there and thinking, “I would love to be 
part of a home-based business, but I just don’t have any extra money. 
Where would I come up with the money?” you really do have a lot of 
options. 
 
One thing we’ve experienced with some of our friends is they sold 
things they didn’t use. We had one friend who wanted to get started in 
a business, and she never even walked into her dining room, so they 
sold their dining room table and chairs and had the money then to go 
and start their business.  
 
Another friend didn’t have the money, so they had a garage sale and 
they used all the profits from that to get started in their own home 
business.  
 
There are a lot of opportunities out there. The bottom line is, if you 
want something bad enough, you’ll figure out a way to make that 
happen.  
 
RANDY: You can borrow it from a family member or a friend. We had a 
lady one time who wanted to get in the business and needed to come 
up with $1500,  she said, “I don’t know anybody who could loan me 
$1500, but I found fifteen friends to loan me $100.” 
 
 
 
Use your creativity, and find it. If you want to do this business bad 
enough, you can come up with the money. You could go borrow it out 
of a 401(k). You could borrow it out of an IRA for 60 days without 
penalty. You can get it out of cash value life insurance. A lot of times, 
people have policies they had forgotten all about that have little 
balances of cash in them, and you can actually go and borrow against 
that and use that to get started in your business. 
 
Draper -2- 
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