Posted on May 11, 2017
you-want-start-business-lack-money-andor-credit-what-do-f-slavin
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Service members should have no trouble with this concept. We smoked "OP's" (Other people's cigarettes). When you start a business, make sure you are well capitalized with OPM (Other People's Money) and make sure you get it from successful business people who can help with knowledge, leads, advice, etc. They'll not only have an interest in seeing you succeed (with their money on the line) but also be able to help you succeed
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Great article on raising private money. I do this with a bit of a twist in my business. I raise private money, in nearly any amount, high or low. Instead of giving people a part of my company, I use legal docs to guarantee my lenders a high rate of return on their money, and I secure their investment, with real estate. I buy this real estate below market value, so that if anything happens to me, they can take the real estate and own it for less than it is worth That allows the investor to be as safe as they can be in an investment, while making a good rate of return. It adds a couple of extra legal steps to insure your lenders, but that safety allows people who are not normally lenders to jump into an investment that they don't generally have access to.
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