by Mimi Plevin-Foust | Follow her on Twitter @mimibuildwealth
Just because banks are not doing much small business lending does not mean you can’t find the funds you need to start a business right now.
In fact, your options are more varied than ever. And the start-up cash you need may be hidden right under your nose. Wondering how to find it? Ask yourself two critical questions:
1) Who else will win from your success?
2) How can you make them an offer attractive enough to help you get started?
Answering these two questions accurately and acting on those answers may lead you to all the cash and credit you need to get and stay in business for at least the first few months.
For instance, can you sell services in advance to customers at a discount?
Is it possible to sign up people as preferred customers (or subscribers) if they pay in advance?
I love the story of the U.K. chocolate-maker who arranged to borrow funds from his clients (“chocolate bonds”) and repaid them by delivering tasting boxes of chocolates. Now that’s a sweet deal for all involved.
Or the hairdresser who sold advance subscriptions for haircuts to loyal clients before she went out on her own. [Read more…]
by Mimi Plevin-Foust | Follow her on Twitter @mimibuildwealth
When you get more money than you’re used to having, do you save and invest or spend more quickly? Does the car always break down or the roof spring a leak right after you deposit a nice check, causing it to disappear? (In our house, the cars always figure out when we get extra money and quickly find new and unique ways of demanding we hand $300 over to our mechanic.)
How much money does your subconscious believe you deserve to have? Each of us has a money blueprint and we rarely budge from it. Look in your bank and investment accounts, your credit card balances, your pocket and your piggy bank: Whatever money or debt you find there, is probably that amount. Is it far more than you need to live on? Just what you need? Next to nothing?
According to T. Harv Eker, creator of the ‘Millionaire Mind Intensive’, chances are you learned this money blueprint at a very young age, long before you had any clue that you may have been setting your course for life.
What messages did you hear about money when you were growing up? [Read more…]
by Mimi Plevin-Foust | Follow her on Twitter @mimibuildwealth
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As a fundraiser, I’ve learned to ask people what value they want to bring into the world through their giving. For instance, donors to a group that strives to end bullying in school, want to bring more kindness into the world. Donors to a hospital want to foster health and healing. You get the idea. (For more on this, read Lynne Twist’s insightful book The Soul of Money.)
I’d like to ask you the same question about your wealth (the wealth you have now or plan to create). What value would you like to have more of in your life? How would more wealth help you make that happen?
Do you want more adventure, more joy, more connection, more self-love or more inner peace? Do you want more self-expression, more convenience or more security? Read More