Description
You Can Get the Money: How to Finance Your Small Business Startup or Expansion by Robert E. Highman is the cult-classic in the world of business that few people know about, though those that do have benefitted wildly. This direct and readable excursion into business financing and founding illustrates, among other things,
- how to borrow 90,000 from a stranger in 5 days;
- invest 500 to raise 329,000;
- free advertising in over 100 trade journals;
- how 100% was borrowed to buy a building for retirement;
- more than 3,000 lenders;
- plus much more on getting the money for your new or existing business.
The main thrust of this book gives concrete and documented case histories of the author raising money for business situations — and many times very quickly — in manufacturing, financing, real estate and retirement building ventures with a minimum or no cash outlay at the very inception. Many of these endeavors can be undertaken simultaneously with your current vocational pursuits.
The primary hope of all the episodes discussed is that you will use them as a mental springboard and encourage you to call upon your own God-given creativity to solve your problems in your own chosen field and turning them into winners. Creating new products, as well as buying other companies — even your arch competitor — can be done on borrowed money.
About the Author
At age 9 the author became a businessman selling Liberty magazines via his bicycle for 5 cents each on Saturday mornings in a small farming community town. The main object was to sell 10 or more by noon and earn enough commission to attend the
theater and see the matinee feature western movie at 1 P.M. The first 5 sales were the toughest — 2 grand-mothers, 2 aunts, and 1 mother — with cookies and milk from each cash customer – and no western movie was ever missed.
Living at home in Chicago at the end of the depression made things easier to attend the University of Chicago via the street car and two close friends who had cars. Supplementary income came from working 3 days a week at Marshall Field’s department store as a claim adjustor and warehouseman. The balance came from commissions earned from selling advertising for the school newspaper, the Daily Maroon.
After moving to southern California, the author was hired as a salesman for the General Electric Co. — and later became sales manager at age 30 on the west coast selling major appliances to home builders and large apartment house owners on a wholesale basis. When the next step up required moving out of state, the author opted to remain and become self employed.
Some of the business experiences that followed were: real estate broker, financial and sales consultant to a number of small manufacturing companies with 1to 25 employees (at one time 7simultaneously), owner of 2 small manufacturing and distributing companies, a direct mail order company and a number of joint ventures with no personal out of pocket cash investment. Not one of these ever lost a dime and most made very good money. The SBA has never turned down any package presented by the author personally or for others.
A couple of major lessons learned: you must have or get some money to operate successfully, and if no one sells your good products or services nobody in your company eats — not the people in accounting, manufacturing, management, shipping, or any other department.
The following chapters are upbeat — as you must be — with a desire to succeed — and should convince you that YOU CAN GET THE MONEY by problem solving — as examples are presented in the 1930s – 1940s – 1950s – 1960s – 1970s – 1980s – 1990s – and will continue into the next century to the end of time.
People with less talent than you have done so and so can you — no matter what field you have chosen.
JUST DO IT.
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