Benetrends Blog

Business Funding:  ROBs 401(k) Funding vs. Self-Directed IRAs

[fa icon="calendar'] Jul 6, 2019 11:47:00 AM / by Benetrends posted in ROBS Strategy, benetrends funding, 401k rollover funding

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When it comes to funding options for your small business, there are many options. For many entrepreneurs, using existing retirement funds is often the best option.

Using retirement fund assets as your primary financing source has several advantages, as seen in the recent post, Using Retirement Money to Fund a Business: The Pros and Cons. You will not take on additional debt, or be subject to unyielding repayment schedules and daunting interest rates, for example.

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Using Retirement Money to Fund a Business: The Pros and Cons

[fa icon="calendar'] Jul 3, 2019 6:34:00 AM / by Benetrends posted in ROBS Strategy, small business funding, 401k rollover funding

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Entrepreneurs need many skills to be successful, including ingenuity, creativity, persistence, and strategic thinking. Never are these skills more necessary than when it comes to funding their startup dreams.

One of the most creative of business funding solutions is the use of retirement money and is an attractive option for many entrepreneurs. Commonly referred to as a Rollover as Business Start-Ups (ROBS) funding strategy, this solution has many advantages over more traditional financing options.  As with all financing opportunities, you need to weigh the advantages and risks. 

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American Minority Business Ownership: A Look at the Stats

[fa icon="calendar'] Mar 18, 2019 10:45:00 AM / by Benetrends posted in ROBS Strategy, 401k rollover funding, minority business owners, minority-owned businesses

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Data from multiple sources yields good news when it comes to business ownership. The number of minority-owned businesses in the United States is on the rise. That is good news for those thinking of starting their own business.

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Exploring Challenges and Opportunities for Minority Business Owners in 2019

[fa icon="calendar'] Mar 11, 2019 5:00:00 PM / by Benetrends posted in ROBS Strategy, 401k rollover funding, minority business owners, 2019, minority-owned businesses

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Minority business owners face the same challenges as other entrepreneurs – developing a sound business plan, understanding the market and competition, and creating products and services that customers need. However, for many minority business owners, there are additional complexities, challenges … and opportunities ahead in 2019.

When exploring challenges and opportunities for minority business owners in 2019, several issues are evident. Minority entrepreneurs face racism, difficulty in securing funding, and a lack of social capital on which to draw.

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3 Innovative Ways to Use the Rainmaker Plan to Grow Your Business

[fa icon="calendar'] Dec 10, 2018 10:00:00 AM / by Molly Klein posted in ROBS Strategy, benetrends funding, 401k rollover funding

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Entrepreneurs looking to leverage existing 401(k) assets to start their business have long trusted the Benetrends Financial's Rainmaker Plan® to realize business ownership. With those assets available, business owners have more flexibility in how to start and grow their companies.

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Are There Restrictions on How to Use ROBS Funding for Your Business?

[fa icon="calendar'] Dec 3, 2018 10:00:00 AM / by Molly Klein posted in ROBS Strategy, small business funding, benetrends funding, 401k rollover funding, profit sharing plan

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If you are considering using 401(k) or IRA plans to finance your new business, you know the power of financing your venture using your own hard-earned cash.

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Can You Use Any Type of Retirement Plan for ROBS Funding?

[fa icon="calendar'] Nov 19, 2018 11:00:00 AM / by Molly Klein posted in ROBS Strategy

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When you want to use the Rollover as Business Startup (ROBS) strategy to fund your entrepreneurial dreams, you will need to be sure you have access to the right types of retirement funds.

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ROBS: The Best-Kept Secret for Funding Your Dream Business

[fa icon="calendar'] Oct 8, 2018 11:00:00 AM / by Benetrends posted in ROBS Strategy, benetrends funding, 401k rollover funding

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Ever since you started working, you have been told to save for the future, so you'll have the means to live in the future.  Whether you have a company sponsored retirement plan, are investing in a personal IRA or making regular investments into a savings account, you understand the importance of building your nest egg for the next chapter of your life. 

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7 Top Small Business Funding Strategies for 2018

[fa icon="calendar'] Feb 27, 2018 12:00:00 AM / by Benetrends posted in ROBS Strategy, small business funding, sba, 401k rollover funding

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Identifying the right way to finance your small business is an important decision for any entrepreneur. Unless you are sitting on a pile of cash, you will need to go out and secure funds for start-up costs and to keep the business, not to mention your personal life, going until revenue begins to appear.

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Grow your Business like Code Ninjas - with a 'Black Belt' Funding Partner

[fa icon="calendar'] Feb 14, 2018 3:44:34 PM / by Molly Klein posted in ROBS Strategy, benetrends partner, client spotlight, 401k rollover funding

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There are franchises that slowly increase their brand with a few new locations every year, and then there are the franchises that seemingly expand overnight.

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