9/25/2021 Tip: Landlord Financing | Growthink

9/25/2021 Tip: Landlord Financing

Today’s Quote

“Tell everyone what you want to do and someone will want to help you do it.”
~ W. Clement Stone

 

Today’s Tip

In my Truth About Funding fundraising training program, I go through the 41 proven funding sources for entrepreneurs so you can choose the ones that are a fit for your company. In this week’s tips, I’ll tell you about some of these options.

Landlord Financing

Over time, you will pay a lot of money to your business’ landlord. And, oftentimes you will have to pay a lot of money to contractors to build out your office or storefront to your specifications.

As much as possible, you should ask your landlord to finance these expenses. To begin, the landlord should finance as much of the build-out as possible. In addition, you can often negotiate up to 6 to 12 months of free rent on a 5 to 7 year lease.

Finally, it is often a good idea to make your landlord an equity holder in your business (and ideally they pay for this equity). If a situation arises when you are unable to pay rent, the equity-holding landlord will generally be much more lenient.

 

Today’s Resource

The Funding Pyramid™

I discovered and trademarked The Funding Pyramid formula a few years ago.

This is how it works  <–

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 Pyramidworks, and how to use it in your business today.

 

Trivia

Today’s Question: What size was the first footprint on the moon–the one made by astronaut Neil Armstrong when he took his historic “one small step for man” on July 20, 1969?

Previous Question: Which of the contiguous 48 states was the last to be explored?

Previous Answer: Idaho.

Idaho was first visited by Meriwether Lewis and William Clark in 1805 during their famous expedition across America.
 

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