1. Break the spirit of Average! Average business owners take advice from advisors with average success! You have made an above average decision to embark on Entrepreneurship. Get your advice from above average business owners that have a proven record of success. Do;t accept the reality of others, create your own reality. Remember you started your business to fill a void that you saw evident. There are still people out their in need of your service or products, just work a little smarter not harder and yo-all find them. Do-t accept what going on in this economy as your reality. More money is made in a down economy on the verge of a climb. This is where we find ourselves right now. You have to continue to improve, read the books, take the classes; seek the advice to position your self to profit. After a recession there is always an expansion, position yourself and your business now!
2. You need to protect your investment! You have to have legal advisors along with your insurance coverage. Lawsuits are one of the major reasons business owners go bankrupt. The fastest ways for the average person to get rich in this country is winning the lottery and winning a lawsuit. Don't let your business become a victim; seek legal counsel with everything you do. And don't depend on your friends and family that are attorneys, you need legal advisors to cover all areas of business not just one. Watch your bottom line; you should monitor your finances twice a day morning and night. Do't put a 100% trust in your accountant/financial advisor. Always do your own research from quality sources; nobody is going to protect your money better than you. Inspect what you expect!
3. Learn how to Win Friends and Influence People! This is a crucial key in growing your business. My favorite book on this Topic was written by Dale Carnegie. The title of the book speaks for itself, 'How to Win Friends and Influence Peopl' Learning how to win friends will acquire and keep clients or customers. Every single one of your customers has access to over 1 Million people, yes I said one million people! Referrals are the best way to build your customer base. Do everything you can to keep your clients loyal. Yo'all be surprised what a $2 thank you post card will do for your business. Invest in customer loyalty. Learning how to influence people will help you motivate and keep your employees. I tell my clients this all the time, 1 motivated and happy employee is worth about 100 loyal customers. Your employees are assets to your business, treat them as such. They are with you on the frontline of winning customers and increasing revenue for your business. Show your appreciation every chance you get. Let them feel as if they are apart of your business. Everyone wants to belong to something bigger than themselves. Involve them in the everyday decisions of your business, ask for their opinion. 'm telling you from experience, this one mastery alone will keep your business running and customers coming back.
Written BY: Kieran J. Christian President Millionaires in Training LLC
'A Business Management and Consulting Company' Mobile 786-457-2822 Office 954-430-5151 kieran@help4mysmallbiz.com
My problem is where to find a loan for starting capital. I have all the other things in line, just need the money to start. Help. SBA will not loan money to start a finance company that loans money.
It is very difficult to get any kind of loan approved these days. It is even more difficult for start up loans for finance company. Have you considered any collateral that you may have? If you put up sizable collateral, car, home, etc... They may be more lenient with the approval. I must caution you though, before you consider any collateral that you've worked hard for, be absolutely certain that you review your business plan with the worst case scenario in mind. You can also seek a personal loan and start small, gain a proven track record and reapply in after 1 year. This way you'll have a track record and proven success in your business for the SBA to consider a larger loan. Another way is to supplement your income with an at home business. Put all income earned aside for capital of your finance business venture. This way you can be self dependent. It might take a little longer but it is definitely safer. This is how I gained capital for my business. Check it out visit: www.mychance4success.com. This might work for you. I hope this was helpful.
Message Edited by NicoleD on 08-13-2009 10:09 AM
cajunlady1204 | Window Shopper |
8/12/2009 - 7:22 am
Thank you for taking the time to help me with some insight into this venture. I will try to find some home-based business to help out. Any suggestions on legal ones?? So many scams out there.
cajunlady1204 | Window Shopper | 3/22/2010 - 1:08 pm
KieranMIT | Creator | 8/7/2009 - 9:19 am
cajunlady1204 | Window Shopper | 8/12/2009 - 7:22 am
cajunlady1204 | Window Shopper | 8/12/2009 - 7:24 am
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