Posts Tagged ‘unsecured’
How to Finance Your Start-Up Business
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
“Raising start-up money is one of the great hurdles in starting a business. Would you have any recommendations or some basic do’s and don’ts as to how people should go about this great challenge?”
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
Starting a business, financing, loans, writing a business plan
Transcript:
First off, before you begin to think about getting your start-up money together, you need to have a business plan. And once you put the business plan together it will help you to determine how much money you need to start your business. Once you determine the amount, then you’ve got to decide: where is the best place to get it? In today’s world it is very difficult to go to a commercial bank–the typical bank you see on the street– for a start-up business type of loan.
A lot of first time entrepreneurs will start off by using their own personal savings or look to a friend or a relative to see if they can get a friendly partner in with them. Some people will look at putting a lien to some degree on their home. Because of the credit card boom, a lot of people today will take credit card solicitations that come out. And it’s perfectly okay to take one of these low interest rate credit card offers if you manage it in a very responsible manner.
Duration : 0:1:23
How to Finance Your Start-Up Business
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
“Raising start-up money is one of the great hurdles in starting a business. Would you have any recommendations or some basic do’s and don’ts as to how people should go about this great challenge?”
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
Starting a business, financing, loans, writing a business plan
Transcript:
First off, before you begin to think about getting your start-up money together, you need to have a business plan. And once you put the business plan together it will help you to determine how much money you need to start your business. Once you determine the amount, then you’ve got to decide: where is the best place to get it? In today’s world it is very difficult to go to a commercial bank–the typical bank you see on the street– for a start-up business type of loan.
A lot of first time entrepreneurs will start off by using their own personal savings or look to a friend or a relative to see if they can get a friendly partner in with them. Some people will look at putting a lien to some degree on their home. Because of the credit card boom, a lot of people today will take credit card solicitations that come out. And it’s perfectly okay to take one of these low interest rate credit card offers if you manage it in a very responsible manner.
Duration : 0:1:23
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“Who else wants to take advantage of this Explosive new lending technique that has the power to net business owners $200,000 in financing in 90 days! Yes, even in this CREDIT CRUNCH?” Have you ever heard the old saying “It takes money to make money”? Well I’m living proof that it’s not entirely true. In fact, the truth is this: “It takes OTHER PEOPLE’S money to make money.” Rich people in this world know that. Which is why they don’t use their own money to expand their wealth. They use someone else’s money. It’s a powerful tool. But do you have to BE RICH in order to BORROW LIKE YOU’RE RICH? And do you need excellent credit to borrow like a rich person? No, and no. Are you surprised? Then you’ll love the rest of this detailed report. Keep reading. Before I go on I want to address a major issue we hear about almost every day, and that is poor personal credit. Let me tell you right up front why your personal credit is NOT that important. It’s because under my system, your BUSINESS gets loans. Not you. And that’s why your business credit is what matters. Not your personal credit. But more on that later. Back to the report: How many times have you had a business idea or wanted to expand an existing business and thought to yourself “If I just had the money to get it off the ground, then [fill in the blank].” Believe me, I’ve been there too. Far more times then I would care to admit. But now? Well let’s just say I don’t spend much time filling in the blank. to learn more about all types of loans we cater please visit our website at PrivateFastLoans.com
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Duration : 0:5:10
Thank you so much for everything throughout the summer. I think that it is a wonderful thing that you are doing to put aside time from your busy schedule and running your company to be able to assist new entrepreneurs. I am glad to have made some great business connections throughout this summer and will contact you for advice in the future!
Brittany Sirtonski, Owner/Managing Director - Dare to Dream Dance and Visual Arts summer camp for girls