Attract the money you need ,without approaching a bank
- Date: 2007-04-24 - Word Count: 397
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In entrepeneurial business,the search for finance is endless .Entrepeneurs who do not have surety find themselves going from bank to bank ,looking for funds that they are never going to find..
From the entrepeneurs point of view ,the bank has no desire to help what is a promising business or develop a promising idea. .From the bank managers point of view he or she has a responsibility towards their business and their investors.The bank has no way of knowing for sure whether the business will be a success or not. The entrepeneurs unwavering belief in a still un-proven system is simply not enough.
Sometimes government bodies step in to help entrepeneurial business ,but this will always be only with a small section of the entrepeneurs looking for finance. More often than not,Mr or Ms Entrepeneur you are on your own.
None of this is new to the reader who is either trying to start a business or is already running one .We have all been there.
There are certain ways to raise money without a bank which are both practical and thought provoking .These offer new paths to the entrepeneur who does not have the money for the planned venture.
This sort of thing fits the entrepeunerial mind exactly.We,the worlds entrepeneurs do not give up because a door is closed to us.We keep looking until we find one that can be opened. Think laterally as there are many ways to get started or to expand your business.
Approach a company to invest in a product or project.
Instead of giving away capital to raise money,you could have some-one invest in your product or service.
They then own a percentage of the product or service ,not the company,and gain revenue from just the sales. of what they have invested in.
When starting a business do this with your main product or service. Initially most of your effort and overheads will go into this,generating most of your income----enough to launch your business .In time you will almost certainly want to expand or create additional revenue through new products or services.. Usually your product that was originally important to you will not remain your number one.
The advantage of this method are that you do not give away part of your business,and it is the product ,service or opportunity that is at risk,not the business.
John Muller is a retired entrepeneur living on the east coast of South Africa
http://ezmoney745.profitlan.hop.clickbank.net
. .
From the entrepeneurs point of view ,the bank has no desire to help what is a promising business or develop a promising idea. .From the bank managers point of view he or she has a responsibility towards their business and their investors.The bank has no way of knowing for sure whether the business will be a success or not. The entrepeneurs unwavering belief in a still un-proven system is simply not enough.
Sometimes government bodies step in to help entrepeneurial business ,but this will always be only with a small section of the entrepeneurs looking for finance. More often than not,Mr or Ms Entrepeneur you are on your own.
None of this is new to the reader who is either trying to start a business or is already running one .We have all been there.
There are certain ways to raise money without a bank which are both practical and thought provoking .These offer new paths to the entrepeneur who does not have the money for the planned venture.
This sort of thing fits the entrepeunerial mind exactly.We,the worlds entrepeneurs do not give up because a door is closed to us.We keep looking until we find one that can be opened. Think laterally as there are many ways to get started or to expand your business.
Approach a company to invest in a product or project.
Instead of giving away capital to raise money,you could have some-one invest in your product or service.
They then own a percentage of the product or service ,not the company,and gain revenue from just the sales. of what they have invested in.
When starting a business do this with your main product or service. Initially most of your effort and overheads will go into this,generating most of your income----enough to launch your business .In time you will almost certainly want to expand or create additional revenue through new products or services.. Usually your product that was originally important to you will not remain your number one.
The advantage of this method are that you do not give away part of your business,and it is the product ,service or opportunity that is at risk,not the business.
John Muller is a retired entrepeneur living on the east coast of South Africa
http://ezmoney745.profitlan.hop.clickbank.net
. .
Related Tags: finance, invest, product, attract, practical, promising business, sound idea, thought provoking, oportunity
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