8/10/2021 Tip: The Chihuahua’s Funding Lesson | Growthink

8/10/2021 Tip: The Chihuahua’s Funding Lesson

Today’s Quote

“It used to be that if you wanted sophisticated marketing tools, you had to be rich. That’s not the case on the Internet. Anyone can compete, just at different levels.”
~ Chris Baggott

 

Today’s Tip

I’d like to tell you a brief story about a Chihuahua who was taken along on a safari vacation. The story is important as it probably holds the answer to your capital-raising needs.

On the first day of the Chihuahua’s trip, the Chihuahua wandered off too far and got lost in a bush. Unfortunately, within minutes, the Chihuahua encountered a very hungry looking leopard.

Realizing he was in trouble, but, noticing some fresh bones on the ground, the Chihuahua started to chew on them, with his back to the leopard. As the leopard was about to leap, the Chihuahua smacked his lips and exclaimed loudly, “Boy, that was one delicious leopard. I wonder if there are any more around here.”

The leopard stopped mid-stride, and slinked away into the trees.

“Phew,” said the leopard, “that was close – that evil little dog nearly had me.”

A monkey nearby saw everything and thought he’d win a favor by setting the leopard straight.

(Fortunately, the Chihuahua saw the monkey go after the leopard, and guessed he might be up to no good.)

When the leopard heard the monkey’s story, he felt angry at being made a fool, and offered the monkey a ride back to see him get revenge.

As the leopard and monkey approached, the Chihuahua once again turned his back and pretended not to notice them. And when the pair got within earshot, the Chihuahua said aloud, “Now where’s that monkey gone? I sent him ages ago to bring me another leopard…”

The moral of the story is that the Chihuahua survived because he was creative, and because, the second time, he planned ahead.

The same is true when it comes to financing your business. While most entrepreneurs are extremely creative when it comes to coming up with unique business ideas and marketing plans, they tend to lack creativity in the area where they need it most – fundraising.

Remember, without adequate capital, even the best business and marketing ideas will fail.

Fortunately, you can access my “Truth About Funding” program. It gives you a detailed overview of the twelve most common types of capital used to start and grow a business. And then, it provides twenty-eight (28) creative and alternative sources of financing that resourceful entrepreneurs have used to more easily finance their businesses.

 

Today’s Resource

Are You Making This Funding Mistake?

If you’re struggling to raise money for your business, you’re probably making this simple mistake. This is the #1 reason why most entrepreneurs fail to raise money.

Are you making this mistake?  <— Click Here

 

Trivia

Today’s Question: In the list of the largest exporters by value in the US, which company “takes-off” to the top position?

Previous Question: In Cuba, what are known as “Yank tanks”?

Previous Answer: Classic cars.

After the Cuban Revolution, the US imposed an embargo on Cuba, making international trade very difficult. As a result, the cars that were present were nurtured. 

Due to the presence of many rich US citizens in Cuba under Fulgencio Batista, classic cars were the standard and due to constant good care, many remain in good working order.

 

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