“You always pass failure on the way to success.”
~ Mickey Rooney
Today we’re continuing with the 5 most common types of funding.
Today’s Source is: Debt Financing
Debt financing is a fancy way of saying “loan.” In debt financing, the lender (often a bank) gives you funding that you must repay over time with interest.
You must prove to the lender that the likelihood of you paying back the loan is high, and meet any requirements they have (e.g., having collateral in some cases). With debt financing, you do not need to give up equity. However, once again, you will have to pay back the principal and interest.
The Funding Pyramid (TM)
I discovered and trademarked The Funding Pyramid (TM) formula a few years ago.
It’s the precise formula I discovered and have used to help entrepreneurs and business owners like you raise billions of dollars.
I lay out precisely how The Funding Pyramid (TM) works, and how to use it in your business today.
Today’s Question: What company did entrepreneur Debbi Rose start?
Previous Question: When a Korean Air Lines flight was shot down after straying into the USSR’s prohibited airspace in 1983, President Reagan issued a directive making what technology available for civilian use?
Answer: The GPS or Global Positioning System
This device was developed by the United States Department of Defense to help you find your current location, time, and velocity to help get you from point A to point B.
It was later modified and marketed to car owners as a simpler way to get directions. Need a new product idea? Find a system already being used, and tweak it to meet your market’s needs.
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