Finance

We all know that we can money if we have assets

The banks love us to tie up what we have.

What if we don’t have anything?

What do we do?

Well there are various answers.

I you saw the dragon TV show last year, that is call venture capital fundraising

Pitching your idea to the wealthy, this costs you plenty.

Now the biggest thing most people don’t know in that it is this

100% of nothing is still nothing!

A small percentage of something is a good thing.

Getting your first idea to market is always a bonus

If you do it in a high profile way like that then if you only get a small percentage

You have done well, you are a proven commodity. You can go to the bank and get good rates yourself next time round.

You always have more than one idea in you it is a fact your have one then you are usually a creative type.

You will have others, if you get one up then, you will have an easier time next time.

Investors which is not usually as expensive as Venture Fundraising

You need to have a good proposal & a better agreement one that spells out what each party is going to do.

Then there is Factoring, where you sell your invoice to a financier who buys your invoice at a discount.

Using the difference as their profit margin, now this can cost differing amounts from around 10% if you have reasonable terms with your debtor up over 20% if you debtor is on terrible terms.

They are the main types there are a few others, but these are the main ones.

One thing you may be able to do is talk your bank.
If you have a track record then when it gets a little tight see what comes & goes then they mey help.

Other than that google. Alternative Finance (Australian search)

I will talk to Ken McCloud and have him on the show to tell us what he does.