When it comes to raising money for your business, whether for start-up or expansion, there are basically three options to choose from.
- You can earn it. (Do a “fundraiser“)
- You can ask for it. (Get a “grant”)
- You can borrow it. (Find a willing lender)
Each option obviously has its own advantages and disadvantages.
FUNDRAISERS
If you have absolutely no money to start with, or if you have a large enough group of willing volunteers, an appropriate fundraiser is an excellent way to get started. Good fundraisers have a number of things in common.
- high profit margins
- easy to “sell”
- repeatable, and/or
- low to zero start-up costs
As you are most likely aware, if you do an internet search for “fundraisers”, you’ll find a huge list of options to choose from; most of which don’t come close to meeting our criteria. So we’ve done the work for you and found the best. If you’d like to cut to the chase and see what we found, just click here.
GRANT MONEY
Of course everyone wants to get grants. The thing about grants though, is that they take a lot of time. And once you are successful and your grant comes in, it’s done; no more money until you find and successfully apply for another one. That’s why we think your time is better spent developing an ongoing sustainable income source – in other words, a business!
However when you are just beginning, a grant can give you a great head start. We are currently in the precess of researching, interviewing, and testing grant writers, and will let you know what we find out. in the mean time though, have you thought about joining a gifting network? This type of “grant” is particularly effective if you already have a good contact list, or know how to build one. The reason for this is that it only works if you actually invite people to participate.
The concept is really quite simple; ask people to give you money. But with the right nework, it’s all done for you!
- NO calling
- NO answering questions
- NO selling or closing
- NO training
- NO website to build
- NO products to handle
This is a very effective method of raising a lot if money very quickly. Just follow this link to learn m0re about the only network worth joining.
CORPORATE LENDING
Personally poor credit, bad credit, no credit, or great credit – none of that matters when building your corporate credit score. Whether you are looking for $10,000, $20,000, or over $100,000, there is no need to put your personal credit at risk, or to worry about it if it’s already trashed.
Your new corporation is a new entity with it’s own identity, and therefore is entitled to it’s own credit rating. But the banks won’t tell you this! However, I will. In a nutshell, once you have your corporate structure properly set up, you start by applying for credit with what are known as Tier One companies. These are companies that require no credit history and grant minimal lines of credit. These also need to be companies that make a point of reporting your history with them to the credit bureaus. Once they have reported, you can then apply to Tier Two companies, and finally Tier Three.
The trick is in knowing how to set up and organize your company so the others will feel comfortable lending to you. You also need to know who the qualified companies are in each Tier. To get this information, you can hire someone to guide you through it for a couple thousand dollars, or you can spend a fraction of that amount and get my book which tells you step-by-step how I did the exact same thing.
If you’d like to learn more about my Easy Corporate Credit Book, you can click right here.
So there you have it Fundraisers, Grants, and Corporate Credit. That should be all you need to raise your start-up capital. And remember, when you use the links I have provided, you will not only be receiving the best deals possible on the best resources available, but you will be helping to support our own charity, the Syringa Fund.