Normally, the often ask, how do is start a business or thepeopley go to one of their rich friends to borrow money and they get pissed off, if the friend does not help them.
But here’s a thing just because someone is successful doesn’t mean they are obligated to help you. But in this present time, it’s all about adding value before asking for something in return, you have to ask yourself what value can you create to give to the society, if you do that only then will money start flowing to you, most millionaires didn’t just get rich like that they got rich by doing something they were passionate about, then the universe rewarded them with success.
The trick you need to know is that you don’t approach a successful person to give you money, you approach a successful person adding value giving them something first, before you can now ask for something in return.
And to explain this point I will like to use the example, let’s say you’re betting on a horse racing, and you’ve never had any experience on horse racing, so it is applied to this case let’s say you as a entrepreneur you are not good at a certain business, because you have never done it before and then you ask someone to bet on you, that would not be possible because betting on you, there is a higher chance of losing.
That’s how it is, but have no fear guys, I will give you some ways and strategies in which you can raise money,
The first people you can go to when you need money to start your business are the financial institution, these people are the banks, they are the credit union, and they are typically the institution where you borrow money.
The second people you can borrow money from when you want to start a business are your friends and family, these are the people closest to and they can give you money with ease, this people give you money not based on your track record not based on your skills but they loan you money based on your relationship with them.
But the best proven way to find money from your business, is to get the money from your customers, yes, as crazy as this may sound it is really the right thing to do, now I know some of you would be asking, how do I get the money from my customers?
You do that by going out to sell something, make some sales, it’s the easier way to get it, because you can’t just meet a successful person and ask him or her to give you money you have meet him show him or her that you’re an expert at what you do and you have created enough skills that can add value to his or her life, let’s say you’re a digital marketer, you want to help people for their graphic design, you don’t need to borrow a ton of money, print business cards, get a shop, you don’t need all those things, go sell something, you have to get your first client, that’s how you get the money. It is only after you have gotten the money from your customers and have reached a substantial level, only then will you now go to the financial institution, and your friends to get money for expansion, not to start the business. That way, you would have already established a proven record and then they will be able to listen to you with ease.
Finding the right career can be difficult especially for the minors
Cause it’s hard to find out the perfect career for them, that’s why I am writing this article because picking the right career is one of the most important decisions you’ll ever make in your life because when you pick the wrong career, you can waste a lot of time and years, and time is one of the only asset you can have that once it’s gone, it can never be gotten back. You may lose 100,000 dollars and you can get the money back, but once your time is gone you can never get it back.
Have you ever had the experience when we were in school, you’ll pick a major course and after sometime you’ll drop it and say, “I don’t really like this course” and then you’ll pick another one, and another. The truth is that most of us pick course based on what our mothers told me, my friend is reading this so I’ll read it. But in between you’ll find out you’re wasting a lot of valuable time.
So here’s my first piece of advice if not sure of what career that suits you and you’re still young, it means you have not tried enough things, yes…because it’s like sports how do you know what sports you’re good in if you have not played enough, let say you only play football your whole life, and then you’ll say maybe this is a great career for me, but how do you know, have you tried basketball, volleyball, ice hockey, even tennis, you won’t know because you’ve not tried.
Now in life yo’ll have to find your place, before I continue would like to say that though when looking for what you love doing, if you only focus your attention on what you love doing, you’ll struggle financially, because there are so many people out there who love the job they are currently doing but they are struggling finacially, so the first thing you’ll have to do is find the money first, even if it’s not something you love doing, just find the profit, after you have found the profit, you can now go for the career, it’s still ok if the career you’re about to pick can make you profit, in the Asian culture especially the chinese culture they don’t care very much about passion, they work long hours just to make the profit, but it’s quite different in the north American culture, the north American culture, cares more about passion rather than profit. Although there’s nothing wrong about both philosophies but I would advise you to focus on profit first, you need to find something that can make you a lot of money, by so doing you’re getting the money out of the way, and enough time to focus on your passion,
If you then find something you’re passionate about now if you combine profit with passion you make more money because you love what you do, and if you love what you do you will definitely get good at what you do, now if you do that consistently you have definitely picked a career for yourself.