In this article, I’d like to give you a problem! The problem is this — quickly: You — or any other BWB — wants to make money fast! What’s a good, quick way? We’ll define the problem a little more. You, or any other BWB, has these conditions to face: What would you do under […]
Let’s talk about money — borrowed money or Other People’s Money (OPM). It’s a subject that always interests people because money is the fuel that drives the engine of business everywhere in this world. Without money business would stall. Often, I’ve mentioned that the loan supply is like the weather: changeable. Recently, money tightened up […]
In 1983, Warren Buffett sat down to pen his annual letter to Berkshire Hathaway shareholders. Tucked away at the back of the letter was an ad. Specifically, it was a “business wanted” ad. In it, the Oracle of Omaha outlined the type of businesses he and his partner Charlie Munger were seeking to acquire. The ad […]
MONEY YOU RAISE FROM THE PUBLIC (often called the man or woman in the street) is an investment in your business that never has to be repaid like a loan. You just work as hard as you can to make your business grow so an investor’s money grows and he/she profits. You can go public […]
It’s always a great pleasure to hear from a reader that the IW$ ways work. Just this week a young IW$ Newsletter reader called to say that he had obtained a $50,000 loan using my two-step method, namely: (1) Offer a finder’s fee, and (2) offer a cosigner’s fee to get your loan. It worked […]
Beginning Wealth Builders (BWBs) make money in the most unusual ways! Like the BWB I know of who started an incense business with $25 capital, using the bathtub in his home as an experimental lab. Last year the sales of his company passed $2-million! In just eight years he went from nearly a zero-cash start […]
Maintaining a Rich Mental Attitude (RMA) is vital for success, particularly in financial endeavors. This mindset fuels persistence despite challenges, attracts positive influences, and enhances overall well-being. It’s crucial during tough times and forms a core strategy for achieving and sustaining wealth. Thus, cultivating an RMA is essential for anyone aiming to build or increase their financial success, regardless of external conditions such as high interest rates.
Recent histories of successful wealth builders (SWBs) reveal the efficacy of 100% financing methods to acquire businesses. Examples include a group over-raising funds to buy a firm and individuals spawning lucrative ventures – from seaplane shuttle services to mail-order businesses – with minimal initial investments. Emphasizing creativity and persistence, the writer encourages starting one’s own business over traditional employment to achieve wealth and freedom.
An individual seeking to acquire exclusive U.S. distribution rights for a Chinese product should negotiate terms and send a detailed contract, ensuring the product’s legal importation.
The Small Business Administration’s new Lender Match service helps businesses and real estate seekers connect with potential lenders in an efficient manner. By answering a few questions, applicants are matched with interested lenders within two days, facilitating loan application and discussion. Before engaging, businesses should prepare by having a business plan, understanding their funding needs, credit history, financial projections, collateral, and industry experience. This preparation boosts the chances of successfully securing an SBA-backed loan.