I want to share an experience that I had several years ago, right after I connected with a mentor of mine who became a close friend and business confidant. His company helps entrepreneurs who have highly scalable businesses to get off the ground.
No matter how experienced you are, if you want to be an entrepreneur, you need to have mentors.
I met with my friend for the first time and showed the business plan and projections that I had developed. I had already incorporated the business and only needed to get the subscription agreement in place to start taking on investors.
I quickly got that completed, but was faced with a crisis almost immediately. I had to raise $5,000.00 by the end of the day, or I was out of business.
The first thing I did that morning was to go down to my mentor's office. I walked in and told him that I needed the money by the end of the day, or I was out of business. He asked me what I was going to do, and I told him I was going to go raise the money.
His assistant was present and after I left, he said “There goes another one down the drain”.
About four hours later, walked in with a grin on my face.
He asked if I had raised $5,000.00 and I told him no, I had raised $10,000.00!
He looked at his assistant with a smile and said, “It looks like we have got one we can work with!”
Now that was a small amount of money to get, but it didn't seem so small that day.
It doesn't matter if you are raising $5,000.00 or $750,000.00; you have to understand what will motivate the investor to make the investment.
I'm going to show you how I have raised millions of dollars, and where to find that money. You might be surprised to know who is willing to invest in your business start-up if you are prepared to show them why it is a good investment for them.
Click over to “Funding your business” because it's time to learn how to get your business funded!