It's usually touted by people without money as their excuse as to why they never hit it big.
I knew that was going to be a big thing, but I just didn't have the money to get into it.
I could have bought that property a few years ago for half of what it's selling for now.
Only rich people make money, poor people just stay poor.
Hogwash, to all of those and all similar excuses.
They aren't as bright as they think they are, they don't know everything, and they're the type of people that you should avoid spending time with.
If you are uncomfortable asking questions, forget about being in business.
It's the answers that provide the key to making the money.
If they say no, you're neighbor doesn't understand money, selling, or business; keep your distance.
I didn't have an allowance.
I painted garages, mowed lawns, shoveled snow, washed cars, and a host of other things.
The price was a hundred dollars, but if I found a buyer for it, he would give me ten dollars.
Ten dollars may not sound like a lot of money, but at the time of this story I'm telling you, minimum wage was only 85 cents an hour.
I was only thirteen years old at the time, but more important than the ten dollar commission was the lesson.
No inventory, no money invested.
Cool!
Now, I don't want you to confuse, you don't need money to make money, with needing money to put a deal together.
You just have to learn how to get money from somewhere else.
This is the first excuse listed above.
These are usually the people with no money, but they know everything.
"I would rather earn one percent of one hundred people's efforts than one hundred percent of my efforts alone.
Paul Getty
If you have no money, you would be lucky to be attached to a deal like this in the first place.
Let's turn it around, and examine the excuse; I have a great idea for a product that will make millions, but I just don't have the money to get started.
It's all bunk.
However, you can see how marvelous it would be to run around and tell people about how you have all these "million dollar" ideas.
Here's the lesson that you learn in the real world.
Here's the reality, most people don't know how to take their idea to the next level, or they don't want to, because they're afraid that the discovery will be made that it really isn't such a great idea.
To put it more correctly; Money is always looking for the best return.
We'll use this example;
You have an idea for a home based business, but you need twenty-five thousand dollars to get it up and running.
It would be a BAD move to approach your Aunt for the money.
Expect a NO and it would be an insult to your character to even approach her.
The Billionaire will probably turn you down.
Billionaires don't have time for twenty-five thousand dollar deals, because they're Billionaires.
I put together a manufacturing business plan for a product that I created and approached a few investors.
I can still hear the words, "That deal is just too small Lazz, if you have something bigger and meatier, give me a call.
You don't need to have money, but what you do need is a solid business plan that spells out what the money will be used for.
There are loads of resources to help you develop and write your plan, for free.
The U.
Government's Small Business Administration can probably give you some help in this area as well.
That's all it is.
The best part of putting together your Business Plan is discovering whether or not your plan makes sense.
You can abandon the idea, rethink it so it can be profitable, or (often over-looked) sell the idea or license the idea to someone who already is operating a similar business or a business where your idea would fit in nicely.
A real estate broker puts deals together by matching a buyer and a seller and earning a commission.
A matchmaker service earns a fee for finding the right soul mate for you.
The slower the economy, the easier this is to get involved in, because people need to raise cash, they're willing to let things go for a cheap price.
You can provide the deal.
You still need twenty-five thousand dollars though, don't you? This is where you go after investors.
The big deals involve investment bankers and millions of dollars in fees, but if you keep it small and down to just a couple of investors, it's pretty easy to do.
Partnerships are easy.
If you have a solid plan, that makes sense, is easy to understand, and doesn't demand an extreme amount of money to get involved, you're almost there.
An investor has no say in the day-to-day, but a partner most certainly does.
You can buy an investor out over time, but a partner is there forever, unless you buy one another out.
So what's your excuse now?
If you need money to start your own home based business or any other kind of enterprise go get it.
Then approach someone with money who has an interest in real estate and present the deal whereby they put up the money and you partner on the deal, or they just pay you a fee for finding the deal.
Ask around to the business owners in the area (they usually have a little money) and ask if there's anything in particular that they would be interested in buying at a good price.
He may offer you something to sell from his back room.
Have a garage or yard sale and gather goods from people all around who tell you the price they want and you mark the price up and keep the difference.
Sell the useless stuff around the house that can put cash in your pocket and get your home based business started.
After you make your fortune, you can buy another one of whatever it is that you thought you couldn't part with.
If your million dollar idea is truly that grand, don't just dream about it.
This may surprise you, but not all good deals get done and a lot of bad deals do get done.
If it looks good and sounds good.
Do not try to pull a scam with a hyped up presentation on a project that you know will never happen, won't deliver the results, or will bilk money from people who can't afford to lose it.
Be ethical and fair and raising money for your second, third, and other future projects will be easier.
Re-read this article and you'll see that raising some cash to get going isn't impossible.
this could be the path that turns it all around.
how much you sleep is up to you.
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