Building A Business Is Much Easier When You Have Access To Funding and Your Business is Appropriately Capitalised.
When you have funds available, you can hire people to do the things in your life you’d rather not be doing, so you can focus on the highest revenue generating activities possible–and the activities that give you the most enjoyment when you’re not working.
When you have the funds available, you can invest money much more aggressively into your advertising, to dramatically increase the rate at which you scale your commissions monthly earnings.
You’ve no doubt heard many times that the only way to MAKE money is to spend money. That’s especially true in marketing.
When I first started out, I spent what I could afford on marketing: maybe $20 a day. Whenever I raised that amount and bought more traffic, I made more sales.
I took that lesson seriously to heart.
These days, I invest literally hundreds of thousands of dollars a month on advertising. As a result, I have over a million dollars a month in revenue flow back into my accounts.
One of my mentors—a guy who I’ve invested over $80,000 with on consulting so far and who now lives in a castle in Scotland—once built a company from scratch to have a valuation of over $400 million.
He told me that the founder of a company should be focused on just 2 things:
- Raising capital (getting the use of “other people’s money” – OPM ), and
- Driving revenue (acquiring customers and making sales)
Everything else, he says, can be delegated.
“Where there’s a will, there’s a way.”–Traditional English Proverb
Very few of the famous billionaire entrepreneurs you know today had enough funds to start their business in the beginning.
In fact, many had to borrow money from friends and family, load up credit cards, get bank loans, sell things they didn’t need, and do whatever it took to get their hands on the necessary capital to grow their business.
A lack of money never stopped them from building the business of their dreams.
Here are a few reasons most new business owners need funding:
- Advertising. Yes, there are low budget ways you start promoting your business, but if you want to scale to do the big numbers you will need to be willing to invest in advertising
- Inventory / equipment
- … and in Top Tier Direct Sales, getting positioned correctly to leverage the tiered product mix and income streams available through the compensation plan.
One of the first clues to me as to whether someone is going to succeed in business is how easily they’re stopped by challenges.
For me, a lack of money is just a temporary challenge. There have been times in my life where I barely had the money to pay for next week’s rent … but if I needed to raise some funds for my business, I’d somehow find a way. For others, a lack of money stops them dead in their tracks. I’ve seen people like this be stopped over a few measly thousand dollars before, and I knew right away they didn’t have what it takes.
That may sound harsh, but it’s the truth.
When it comes to investing in your business training and setting yourself up to be the most knowledgeable person you can be, you may be thinking there’s no way you can afford to invest larger sums of money in yourself and your Business.
But have you really explored all the available resources?
The fact is, there are billions of dollars looking for a home.
As you’ve gone through the previous steps, you’ve no doubt realized that entrepreneurs think differently than the masses.
The masses say “there’s no way,” and then keep on with their humdrum way of life.
Entrepreneurs know that there are always options. We think of Abundance.
Your big goal here is to get your business YOU Inc, properly capitalised and with positive cash flow fast.
And when you’re making larger commissions per sale, it doesn’t have to take you very long!
The point here is to get you to start to think of a lack of funds as being a temporary problem that can be solved through some research and creative solutions.
If you’re still at a loss, then talk to your Coach and ask them for some ideas about funding.
You MUST gain clarity on exactly what you’re looking to achieve financially as a MOBE Consultant.
I asking you to think about your financial targets and to really push yourself to think big.
Now, in this step, you’re going to show me, and yourself, how serious you are about making those dreams a reality.
What I’ve learned over the last eight years of teaching entrepreneurs how to succeed in business is that they all want to make a lot of money. They all want to live the good life.
But not all of them are prepared to do what’s required to make this a reality. In fact, most of them aren’t.
They almost look at business success like it’s winning the lottery: it’ll happen or it won’t, and nothing they can do will change that.
Nothing Could Be Farther From the Truth
If you want what the top 1% of the wealthiest people have, then you’ve got to be willing to do what the other 99% of people won’t do.
And most ordinary people are not willing to invest in a business – even if it’s their business because they don’t separate the needs of the business from themselves.
Most people want something for nothing … and that’s why they never get ahead.
I’m going to introduce you to several famous entrepreneurs whom you’ve no doubt heard of. All of them are Billionaires and are incredibly successful.
Every single one of them was at one point where you are today; they needed to find the resources necessary to get started.
Keep in mind: none of them had resources to start a business in the beginning, but none of them let that get in their way either.
Most struggling entrepreneurs think that “lack of money” is the biggest thing holding them back.
As you’ll soon see, that’s not the case.
If You Need Money For Your Business, And You’re Truly Serious About Finding It, Then You Can Get It.
Let’s define the word “entrepreneur.” An entrepreneur is someone who gets paid to solve problems.
How serious those problems are and the degree to which others want to see them solved will determine how much money the entrepreneur is paid.
If they solve a big enough problem, they can be paid billions of dollars. It happens more often than you might think.
Here are just a few examples you may know of:
Reed Hastings, the billionaire creator of Netflix, solved the problem of having to pay late fees for DVDs. He solved the problem of having to take time to drive all the way to the video rental store and rent out a DVD that was in all likelihood scratched, and wouldn’t play properly. He provided a solution where you could go online, find exactly what you were looking for, and instantly stream the movie right into your home.
Steve Jobs of Apple solved the problem of having to buy music albums with 15 songs on them, just to get the one song you wanted in the first place, by inventing iTunes.
Howard Schultz of Starbucks solved the problem of not having a wide selection of quality coffee available to cater to people who place a lot of importance on their daily coffee.
All around you, you can see examples of enormous businesses that were built by entrepreneurs, who all started out in your shoes, but came up with great solutions. For example:
- Hotels Combined
And one of the problems they all solved somewhere along the way was a lack of money.
Many of them had bigger ideas for their businesses in the beginning than they could fund with the limited resources they had access to, so they had to solve that problem first, and go and find the money.
If they had not been able to solve that problem, then today we wouldn’t have Netflix. We wouldn’t have Starbucks, or iTunes, or many of the things we take for granted.
Just like those entrepreneurs found, you’ll soon discover that a lack of money is just a temporary problem.
With some creativity, it’s very easy to solve. I don’t expect you to agree with me just yet, but wait until I show you a few ways it can be done.
Next Step > Budget / Credit Evaluation Process
One of the key factors in growing your business will be your ability as the owner to meet the demands (and opportunities) that your business may ask of you. *You need to see your business as an entity that legally exists outside of you personally*, and that can serve your higher goals and objectives if it’s properly funded, growing and profitable.
Some of the best ideas and best-laid plans in life and business have fallen by the wayside because the business owner could not access funding or raise credit to either start the business, fund its growth or pursue other opportunities.
We want to make sure you have everything you need to succeed in your business and having funding (if required) will allow you to make educated decisions at the time to ensure your business can operate effectively and properly funded.
What IF you know you have Credit Issues & Funding might be a problem… how can you raise funds for your Business? – OR you just want to look at ALTERNATE ways to raise Capital by getting resourceful?
Budget Evaluation Starts Here > click here!