“Words may show a man’s wit but actions show his meaning.”
~ Benjamin Franklin
If you have some of your own cash included in your business financing strategy, it will immediately increase your likelihood of getting other kinds of startup funding.
The more “skin” you have in the game, the more interested a lender will be in approving your loan request. Plus, most angel investors will be more impressed and eager to fund knowing you have some of your personal savings invested.
There is also something to be said about the psychological incentive of losing your own money and the motivation it creates for you to work harder to keep it.
So, don’t be afraid to invest some of your own money in your company, and definitely let potential investors and lenders know what you’ve put in.
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 is the title of the landmark television commercial that launched the Apple Macintosh in the US in January 1984?
Previous Question: Which American businessman founded Electronic Data Systems (EDS) in 1962 and later sold the company to General Motors?
Previous Answer: Ross Perot.
He is best known for seeking the office of President of the United States in 1992 and 1996. With an estimated net worth of around $3.5 billion, he is ranked by Forbes as the 101st-richest person in America.
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