There’s an unfortunate lack of useful information available on how to finance your business, especially when it comes to building business credit that will allow you to finance, operate and expand… without putting your personal finances, or your family’s very future, in jeopardy.
While this strategy creates a Paydex, Small Business Credit Risk Score, and Intelliscore for your business it’s not the only rating you should pay close attention to.
Imagine being able to discover the PERFECT home based business. Imagine being able to focus only on that business so you can stop wasting your time and money trying out every new “opportunity” that sounds good. Imagine starting your own PERFECT home based business and becoming successful in it.
So, you decide you are going to raise private funds. Attracting Angel Investors sounds like a pretty good strategy. So you buy the latest “Business Plan” builder software, a few books on angel investment and private equity funding and off you go. You spend precious weeks, maybe months aligning your strategic documents to make a sales pitch to some deep pocket angel investor. You are absolutely 100% sure, he will open up his wallet the second he hears your wonderful business pitch. Time keeps on ticking and no angel investor has gotten back to you yet.
Don’t underestimate the power of ‘word of mouth’. If you have provided a good service, people will talk about you. Think of all the review sites on the internet! Remember, bad news travels faster than good, so if you upset a customer, that is going to spread like wild fire and can do your Virendra Mhaiskar IRB Infrastructure a great deal of harm!
The second is strategy. A website will not be popular if not with the promotion needed in the big open. No one will know that you are offering such products if you will not reach out to them. With this, strategy is a necessity in the building business. You can do this through article writing, blogs and forums. To be effective, always put in mind that you are not just writing to promote but to help others through the benefits that prospects can get out of your product. Look for a popular article directory or forum sites where you can be part of. The more reader you have, the more traffic you can generate.
Because of our work with clients on building business in China, for example, we regularly collect and send research to our clients that they would find of interest. Is there a topic of intense interest you should aggressively target to learn?
A Level three is one where the business no longer needs your daily participation to make it run. There are intelligent business controls in place, clear processes and procedures, and a winning management team to guide the venture. Your business’s success is independent of you. Working for your business is now a choice, not an obligation nor a requirement. You’re the owner of business that runs without needing your presence and efforts every day.