How to get money to start a business

Almost every day I get a private message on facebook email or Instagram DM someone asking me like no joke hey Sir can you loan me $5,000, Sir give me only $10,000 I'm gonna pay your back. I need to start this business. It's almost sometimes a handout nowhere's the thing just because someone is successful they are not obligated to help you.

If you don't even help yourself by just looking at the requests. I know the level that you are ant first of all clearly you have not studied my work. Maybe you saw one post of mine and then you submit a request, hey Sir give me some money. here's the thing if you study my work you know I'm all about adding value before you ask anything return. So it shows me you have not studied any of my work.

No wonder you're fucking Brooke second is you don't approach a successful people asking for something. You approach a successful person adding valid giving them. Something first before you asks anything in return and third is if you have no money just think about it. If I'm betting on horse racing you as a jockey as the entrepreneur. You fail because you've never done this before the horse your business. Your idea probably sucks too. if I was the bet on a horse why would I bet on you? When I am getting approached by winning a war reaming jockey with a track record with a kick-ass horse and I turned down 99% of those opportunities. Then why I don't even know you why would I give you money. So it is your fault so let me give you some strategies Actually, four ways that you can find money to fund your business okay.

Number one you can find money the first group of people to go to it's. What I call Shox yes jocks they are the people are in shock tank they are the venture capitalists in the world. They are the professional investors in the world changes. Are maybe years ago they started just like you like me they were entrepreneurs. And now they're made of money they have pool money and they're looking for wise smart investments experienced entrepreneurs to invest in. So they're sharks now there's a reason why they're called sharks chances. Are they want to make more money? They want to put the capital to work and they only usually, invest in proven investments they bet on proven award-winning horses or jockeys. They don't bet on the idea. They don't bet on a pie in the sky kind of bullshit and that's why ICP on these shows and people say I've got this widget.

 I've got this idea I'm very passionate so what you have no idea how to win the race. You don't know you have no business skills. You have no business acumen. The fact that you have none is the fact that you need five10,000 to grow your business believe it or, not that tells people a lot so sharks when you're dealing with sharks knowing that. You probably could get money from them even if you can manage to convince them however you will need to be prepared to give a good a chunk of your company. Because they're risking their money on you and usually sharks also have chances. Are they have a lot of experience in the business they may ask for a big piece of your business. So sharks dealing with sharks.

Second and you're not gonna get money from venture capital. You just not there yet number-two it's what I call dolphins. So the dolphins are the financial institutions. They are the banks are the credit union they are institutions where you can borrow money and banks you can say bangs the problem. with bangs is you. Go to the bank I remember, I was trying too many many years ago even trying to get a line of credit for $2,000 $2,000 a lot of credit they wouldn't give it to me. They just wouldn't give it to me and now my bankers are calling me all the time hey Sir you need any money?  I can loan you some money in your mortgage. You need another Moerlein credit? You're not on another credit card? You need more financing for your deal. I said I don't need money No, but you might need to let me give me a call here's. How usually banks work they loan you money. When you don't need it that right. They loan you money dolphins they loan your money when you don't need it. They don't owe you money. When you need it they don't lower your money. When things go into shit they don't do that because again bankers dolphins. They are very conservative. Now although you might think dolphins are kind of nice animals and they're kind of nice Well, don't be fooled by that okay.

Dolphins can also you know buy your hand off the teeth are just as sharp as a shark. So don't be like oh I'm dealing with dolphins they're nice No, they are the other day they are they make their money dolphins on the interest right.  the money they loan you then their money lending business. They want to protect the investments no differently. So time in place there's a time and place for dolphins and chances are maybe if you' restarting from scratch. You're starting you you are this is the first couple businesses you don't have a track recovery difficult for you to borrow money from dolphins.

The third is what I call fish is your family and friends right your relatives your brother's your sisters your mom and dad your vendors your supplier's chances are not to put you down. Those are the people were dumb enough to loan you money. They would be dumb enough and say hey you know what you have a good guy you're a good girl, you're hard-working.  I'm a believer you knowing that you're probably gonna lose it but you know what I'm betting on you. Because of the relationship not because of a track record not because of your skill. But because of a relationship, you know what he's $5,000 he's $10,000 I would invest in your chances are I remember.  I brought money from my uncle Sal my business.  I lost all his money hehe wasa fish right. So I've done all of that but the best way to find money to fund your business that I believe that I've used mine higher career is you get the money from your customers, You get the money from your customers how did get some money you go out and you sell some shit. You get some sales it's the easiest way to get it. You don't come to me and say hey sir give me 10grand good luck.  what can you do for me? all for your service? all for your skill or for your expertise? You make the money shows me that you can make money show me the key you can add value go to your customers. My whole life yes I have done business with the Dolphins.

I've done this with sharks but ideally, go to your customers sell something let's say your digital marketer, you wanna start to teach in the marketing business, you wanna help people do I don't know the graphic design? You don't need a lot of money. You don't need to borrow a ton of money print business cards creates all this fancy shit, go sell something. Get your first client that' show. I get the money there you go you get the money from your customers make that self, oh but then I don't know-how to sail that's why you'll have money. So what makes so you have you don't have money. You don't have to make a sell what makes you. Think you will know how to sell when they give you more money.  When you get more money. It makes no sense right. So if you don't know how to swim in a swimming pool? What makes you think you the know-how to swim in a lake?

What makes you think you don't swim in an ocean. You'll be drowned you'll be dead you can either do the little big kick in the swimming pool. You can't even float in you know the top Jesus Christ right that's what I'm talking about so you can also get money from the customers. In many other ways maybe, it's paying events to get them to pay in events before you even make the damn thing like a Kickstarter. You have an idea. You're gonna pitch it. You're gonna get out of their market place. And you see if people like it has your customer fund your business. It's the best because there's an invested interest or even a subscription model has them pay on a monthly basis. Which is I love that model paint events subscription Kickstarter all those ways you can have your customer funds your business and you get that going first and you prove you prove your model.

Once you have a proven model then you can take it to the Dolphins or even the fish and say hey you know what I've got a good thing going on I've done as much as I could with my ability.  I've gotten to this point but now I've got a proven thing I want to scale now when you talk to the shocks, when you talk to the Dolphins they're more likely to listen to you and say hey you know what maybe you got to go think good. Thing going on you know what it got the revenue they'd love to see before if I make the damn thing you' remaking money before I even do anything you've got whickering coming in every single month Hey, this guy not so bad after all maybe he's a decent entrepreneur. He's got half a brain may be that's bet on this guy. That's what I'm talking about.That's how you find it's never about the money goes to the people who don't need it. Money goes to the people who know how to multiply it is not a lack of money.

Its lack of it's your it's you lacking the ability to attract money. I'll say it again it's not about lack of money there's so much money out there. Banks investors are flooded with cash they want to put their money out there because every single day the money that's sitting in a bank they're not putting to work it's costing them money they want to invest in good deals and good entrepreneurs. But the problem is there's so few of them out there so few of them out there when you approach them. When you have the right mindset the right skill. They would find your deal your customers would fund your deal does this make sense. comment below so don't be telling me they're all I don't I know I don't have the money to expand my a business. I don't have the money to start a business because it lousy business person that's why but think about that.