Question

“I’m trying to raise up enough business capital to get my business off the ground. Can you offer some advice, resources, or creative ways to raise business capital?”

Expert Answer

The best way to start your own business, and once again it sounds simple but it’s absolutely viable and possible. I know it because I’ve done it myself twice in two different countries. Start without any startup capital, or with very little startup capital. Because the more money you get from outside the more difficult it will be for you to pay that money back. You might grow very fast in the beginning but you might grow into trouble. So it’s actually preferable if you grow slowly but with your own means.

 If you don’t have any money and you need to start somewhere what I recommend to our listeners is to find a company that wants to sell a product or a service and that can give you this product for example on consignation. Meaning that let’s say - you mentioned you wanted to sell - you wanted to be a distributor or reseller of my book. You would ask me “Matthias can you send me two books and I will try to sell them? Once I’ve sold them I will pay you.”

 Do you think I would refuse this offer? I would probably not refuse it. As many other producers of not only books and products or service would be very happy to have you as their distributor, as their reseller to invest in. Meaning that as long as you sell successfully you will always be in the position to make money first and pay for the products later.

For additional resources on creating wealth you can either contact Matthias directly or you can go to http://www.provensuccesslibrary.com/