Thursday, October 31, 2013

WITH A SINGLE CUSTOMER

WITH A SINGLE CUSTOMER YOU CAN RAISE THE MONEY YOU ARE LOOKING FOR. Find a customer/buyer who needs your product, do a good job on the first contact AND YOU WILL BE FREE FROM FINANCIAL REQUEST. I am afraid no bank is going to be willing to stake millions on your business proposal with no collateral from your end.
You should convince people that you know to raise part of your startup capital from them.
These individuals might just be willing to lend you based on your integrity and their understanding of your business capabilities (acumen and tools).
Generally, a way to convince a financial institution that you are serious about a business plan is by you having something besides just the plan to stake in.

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