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Here are some tips on ways to fund a micro business and funding an Ecuador micro business.

New micro business funding SBDC is available in the USA from Small Business Development Centers.

We can use tips from the SBDC in funding an Ecuador micro business as well.

Having your own micro business can help you keep up and get ahead in these times of rapid change and inflation.

How does one get started and how does on go about funding a micro business?

Let’s look first at what’s happening in the US.


President Obama signed the Small Business Jobs Act into force last year.

One way is through government sponsored programs.  The Small Business Jobs Act of 2010 for example provides eight Micro Business Tax Cuts.

• The law increases the small business expensing limit to $500,000 for 2010 and 2011.

• The law makes a permanent change to allow qualified small businesses to carry back their general business credits to offset five years of taxes.

• The law temporarily puts in place for 2010 the elimination of all capital gains taxes for those who invest in small business.

• The law temporarily increases the amount of start-up expenditures entrepreneurs can deduct for 2010.

• The law permanently provides deductions for employer-provided cell phones.

• The law allows the self-employed to deduct health insurance costs for themselves and their family members this year.

• The law changes, beginning this year, the limitations on penalties for errors in tax reporting that disproportionately affect small business.

• The law extended 50% bonus depreciation through 2010; however, the new Tax Relief Act of 2010 further extends and expands this to 100% of any productive capital investments in 2011.

In addition this new act provides more financing for small business start ups.

A February 2, 2011 Online News Reordnet.com entitled “STOCKTON  Federal grant to be aimed at small startups” tells about some of micro business funding in Northern California where over $600,000 is available in that region.

The article says:  The Small Business Development Center in Stockton hopes to use about $50,000 in federal grant funding to provide services to very small startup businesses.

It is part of six grants to regional SBDC agencies around the country announced last week by the U.S. Small Business Administration in Washington, D.C.

“Our goal is to examine the possibility of providing a virtual incubator to micro-businesses in San Joaquin County,” said Gillian Murphy, director of the Small Business Development Center at San Joaquin Delta College.

“It’ll be focused on micro-enterprise,” Murphy said Monday. “I’m a strong believer we can create jobs by creating one-, two-, three- and four-person businesses.”

The six grants were the first announced as part of $50 million in funding included in the Small Business Jobs Act of 2010 and signed by the president in September.

The aim is to support job creation and retention among small businesses through in-depth business counseling and advising entrepreneurs and small business owners.

Another way to fund a micro business is with overseas investors and partners. There can be tax and asset protection benefits to this for of micro business funding as well… plus if you want to travel or live globally this is a fun adventurous way to start.

The Small Business Administration provides some tips for getting started.  Whether you get funded from an agency program or from investors… here are seven of the  tips that are useful in the US, Ecuador or anywhere.

Micro Business Tip #1: Think About Starting. If you’re thinking about starting a small business, you should start by weighing the pros and cons, so that you can make a wise decision.

Micro Business Tip #2: Find a Mentor or Counselor. When you’re in the initial phases of getting your small business off the ground, you could probably use some guidance and advice from a mentor or counselor.

Micro Business Tip #3: Write a Business Plan. Now that you’ve decided that you’d like to open a small business, you should put your thoughts down on paper. This way, your business idea is expressed in a plan – a living document that outlines every critical aspect.

Micro Business Tip #4: Prepare Your Finances.
Before you head to your bank or credit union to apply for a loan, be sure that you understand your situation and your options. What are your startup costs? At what level of revenue will your business break even?

Micro Business Tip #5: Loans, Grants & Funding.
You have a variety of options when it comes to financing your small business. In addition to traditional loans, you may wish to explore other opportunities that range from grants and bonds to investor-based venture capital.

Micro Business Tip #6: Business Law & Regulations,
As a small business owner, you are subject to the same regulations as large corporations. Even if you’re starting out on a small level and planning to grow, you must comply with business laws and regulations from the day you open.

Micro Business Tip #7: Marketing a New Business. Let’s say you have a great product, and you’re ready to fill orders. You might be missing a crucial business aspect: marketing – or telling people why they need your great product in the first place.

During times of great economic and social change that bring inflation, your own micro business is one of the best ways to secure your finances.  You own micro business can enhance your security… as it creates fun and brings satisfaction in your affairs

Learn how to fund a micro business with overseas investors.  Read our report Funding a micro business – How to Raise Money Abroad.


See a micro business idea in the FM story.

2013-2014 Super Thinking + Spanish – Writing to Sell – Business & Investing Course Schedule

Schedule 2013-2014  Super Thinking + Spanish  – Writing to Sell – Investing & Business Courses.

Here are photos I took of Mt. Dora…

mt-dora-images tags:


mt-dora-images tags:

its annual arts festival. 


June 21-22-23  Super Thinking + Spanish  St. Charles, MO  Single $699  /  Couple $899 (Teacher Mark Frakes)

July 5-6-7  Super Thinking + Spanish  Sarasota, Florida  Single $699  /  Couple $899  (Teacher Mark Frakes)

July 12-13-14 Super Thinking + Spanish Kelowna, BC, Canada  Single $699  /  Couple $899 (Teachers Shawn & Suzanne Bandick)

August 16-17-18  Super Thinking + Spanish  St. Charles, MO  Single $699  /  Couple $899 (Teacher Mark Frakes)

August 31-September 1-2  Super Thinking Writer’s Camp  West Jefferson, NC  (Gary & Merri Scott)

September 27-28-29  Super Thinking + Spanish  St. Charles, MO  Single $699  /  Couple $899 (Teacher Mark Frakes)

October 4-5-6  Super Thinking International Investing & Business Seminar  West Jefferson, NC  

Enroll here $799.   Couple $999 (Gary & Merri Scott)

November 15-16-17   Super Thinking + Writer’s Camp  Mt. Dora, Florida  (Gary & Merri Scott) 

November 21-22-23  Super Thinking +Spanish  Puerto Aventuras, Mexico Single $699/Couple $899 (Teachers Suzanne & Shawn Bandick)


January 10-11-12   Super Thinking + Spanish  Mt. Dora, Florida  (Gary & Merri Scott)

February 14-15-16  Super Thinking International Investing & Business Seminar  Mt. Dora, Florida  

Enroll here $799.   Couple $999  (Gary & Merri Scott)

For information more contact Cheri Hall at cheri@garyascott.com

Attend all seminars and courses and more FREE or at a discount as an International club member.  See details here.