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ness it will consider. Check
your local agent for the name and address of the person to
contact. It's also quite possible to get the directors of an
other company to invest in your business. Look for a company that
can benefit from your product or service. Also, be sure to check
at your public library for available foundation grants. These can
be the final answer to all your money needs if your business is
perceived to be related to the objectives and activities of the
foundation.
Finally, there's the Money Broker or Finder. These are the
people who take your prospectus and circulate it with various
known lenders or investors. They always require an up-front or
retainer fee, and there-s no way they can guarantee to get you the
loan or the money you want.
There are many very good money brokers, and there are some
that are not so good. They all take a percentage of the gross
amount that's finally procured for your needs. The important
thing is to check them out fully; find out about the successful
loans or investment plans they've arranged, and what kind of
investor contacts they have - all of this before you put up any
front money or pay any retainer fees.
There are many ways to raise money - from staging garage sales
to selling stocks. Don't make the mistake of thinking that the
only place you can find the money you need is through the bank or
finance company.
Start thinking about the idea of inviting investors to share
in your business as silent partners. Think about the idea of
obtaining financing for a primary business by arranging financing
for another business that will support the start-up, establishment
and development of the primary business. Consider the feasibility
of merging with a company that's already organized, and with
facilities that are compatible or related to your needs. Give
some thought to the possibilities of getting the people supplying
your production equipment to co-sign the loan you need for start-
up capital.
Remember, there are thousands upon thousands of ways to obtain
business start-up capital. This is truly the age of creative
financing.
Disregard the stories you hear of "tight money," and start
making phone calls, talking to people, and making appointments to
discuss your plans with the people who have money to invest.
There's more money now than there's ever been for new business
investment. The problem is that most beginning "business builders"
don't know what to believe or which way to turn for help. They
tend to believe the stories of "tight money," and they set aside
their plans for a business of their own until a time when start-up
money might be easier to find.
The truth is this: Now is the time to make your move. Now is
the time to act. The person with a truly viable business plan,
and determination to succeed, will make use of every possible idea
that can be imagined. And idea I've suggested here should
serve as just a few of the unlimited sources of monetary help
available and waiting for you!
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End of Report.
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