Entrepreneur – Funding Your Business

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 people are not willing to invest in a business.

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:

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.
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, 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.

Building A Business Is Much Easier When You Have Access To Funding

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:
1. Raising capital (getting the use of “other people’s money”), and
2. Driving revenue

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 doing the big numbers you will need to be willing to invest in advertising
– Outsourcing
– Inventory / equipment
– Training

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 we can help you with our training programs.

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 Abundance.

When you’re making commissions of $3,300, $5,500, and $10,000 per sale, it doesn’t have to take you very long!

The point here is to get you to start to think of 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.