Is it hard to find money to support yourself during the initial stages of your business? There is no doubt about it that you will have to make some sacrifices, but if you are trying to feed a family, your options are very limited. I will show you some strategies you can use to lower the financial stress of your startup.

I remember a woman talking to me last week about her frustration over "working for the man" and her passion to "work for herself". But, as she said with a trembling tone, "I have to feed a family and maintain a standard of living that I do not want to lose." I understood her dilemma.

Everyone has to make a choice for themselves how they will sacrifice and what they are willing to risk to live the life of an independent worker. By learning the strategies listed below, you'll manage risk better, and it will help you make clear decisions down the road.

Maintain a salary
Leaving your current position behind to build your new business adventure seems like your only choice, based on a guess that you will not get approved for fewer hours. Even though this may be the case, think about why and how your business will profit from using your skills and experience for a certain amount of time off can be a foundation when talking to your employer. Make sure you research plenty beforehand. However, be sure to offer an incentive in the future to help your case. Furthermore, think about the issue of timing. You should balance your employer's wish if your request is a stern no.

Create more income
If you have to leave your current line of work, is there a handy skill in your bag of tricks that you can use and put to work without spending a great amount of time or energy on? Is freelancing an option for you? There are several freelancing websites ( that may be worth the time to seek professional opportunities. For example, a person moving out of a financial firm could create and work on seminars focusing on money strategies at local retirement homes.

Limit expenses
Besides fixed expenses (rent, mortgage, utilities, etc.) there are hidden expenses that take up most your budgets. By performing a tactical analysis of the expenses and deciding what you can forget for a certain time will save you thousands per year. Be sure to look at credit card interest rates, bank fees, car payments, and phone plans.

It's not mandatory to borrow for business expenses until you have a business plan to give for a loan. Refinancing your home or taking out a line of credit is an easy way to build capital. If you have a really good credit rating, you can get a low-interest loan from several credit card companies. If you decide to take this route, applying for loans while you are currently employed is highly recommended. Your rating quickly drops once the paychecks stop coming in. I would advise you work on your business while you are already employed.

Know your niche
What services are you qualified to give, as well as the ones you love to do the most. Jot them down. Then focus on the people who would get the most value from your services and have the money to pay for it. Once again, be detailed: age, meet ups, social habits, values, how do they experience the problem that you will solve? If you do not know any of the answers, just ask. Look out for someone who matches your perfect customer and ask some simple questions. People are usually helpful in any situation.

Market your plans
Do not be afraid of working on your marketing plan. What you use in your marketing plan today will develop over time as your business grows, but for now it just means you have to think about how your business will make money? What are you going to provide? How will you showcase your value? Where should you price it at?

Remain courageous
For most people, anything that includes money has some level of fear mixed in with their emotions. It's critical that you see for yourself and for others to see you are taking a major risk, and you have to take that risk. So see fear as a natural process, and find ways to conquer it.

Get support from those who truly believe in your abilities and what you are trying to accomplish. Never assume that you will receive it from the people who are dearest to you or if you do not have any support at all that you should stop what you are doing. They are most likely the ones who are most struck by your choices, and so they hesitate in offering support. Their approval - a choice to go along with your plans - is great, but support usually comes after you've had your first taste of success.