Successful wealth builders (SWBs) are often said to have secret and confidential ways of raising money they need for their business deals. One way that people sometimes talk about is the use of offshore tax-haven banks and financial institutions. Let’s look at these. Ofishore tax havens are used by people in various countries to shelter
In talking to thousands of BWBs all over the world, I notice that many, many of them lack boldness and imagination when it comes to borrowing money. Now, I’m not being critical of these BWBs — just observant and helpful. Controlled and polite boldness can be one of your strongest assets when you’re seeking OPM.
A question that is often asked is, How much OPM can one get for one’s business venture? “Are you talking about a few hundred dollars, or a few thousand?” you ask. “After all, the amount can make a big difference in my business deals.” That’s a fair question, from an intelligent reader. It shows that
by Jim McKinley. Jim is a retired banker with almost 30 years of experience. He created Money with Jim to share his advice and other resources on a variety of financial topics. Starting a nonprofit organization is a noble effort that requires careful planning. It also offers personal fulfillment by positively impacting society and bringing
Are there ways to get venture capital that make it easier to find the money you need? Yes, there are. Here are 9 secrets to getting that venture capital money. 1. Your business must be a full corporation that issues stock to stockholders who want to own it for future growth. You can’t get venture
When you’re reaching out to banks and investors to inject money into your business venture, it’s time to make sure you have all of your key pitch assets in order. Most of these assets are built from the same basic content and are simply reworked to fit different needs and requests. Once you have the
Fundraising is incredibly easy. You just call a few investors, tell them how great your idea is, and they write you a check. If your idea is really good, they don’t even ask for equity. They’re just so excited to be a part of your company they can’t wait to give you money. OK, that’s
Venture capital is available for a number of businesses that are developing products for large markets. You hear about some of these companies, many in the technology field, nearly every day. Did you know that grants may also be available for the same businesses? So which should you take: venture capital (VC) or a grant? To
A few days ago, a number of readers had lunch with me in midtown New York at an exclusive club restaurant. The chairs were plush, the service was excellent, and the food was delicious. After dessert, a few of the readers asked me about grants — those wonderful money “donations” you can get to do
Small Business Development Centers (SBDCs) offer extensive support to small businesses and entrepreneurs, providing free consulting, low-cost training, loan assistance, and numerous resources for business growth and competitiveness. With over 700 locations across the U.S. and its territories, SBDCs are accessible and partnered with universities and state agencies, fostering business achievements.
