How To Grow Your Business Without A Loan Or An Investor
I thought taking a loan will help grow my business… I was wrong. 90% of businesses who have taken loans at the beginning or after a few years thinking it will help their business grow faster have eventually gone in debt. Watch the video to know how & why.
Don’t get me wrong… I believe a business needs investors or a loan to grow...but there is a correct time and stage when the businessman and the business is ready for a loan or investor… before which it can kill your entire business and leave you with huge debt.
If you are a businessman or thinking of starting one, invest your 7 min and watch how you can
save yourself a lot of money, time and effort.
Share your experience with external investors and/or business loans in the comment box below.
Stay Alive, Stay Fearless!
Dream BIG, Stay Strong.
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FULL VIDEO TRANSCRIPT
Do you think you need money to grow your business?
Eliminate that thought.. in this video I am going to tell you how you can make a lot of money without money whether it's in the beginning, between or after.
Money doesn't pull money and you don't need a ton of money to make money.
For those in business, you want to focus on how to grow 10 times. Now you might think, you need money to grow! No!
1. People think taking loans would help. Pumping money in business, getting a swanky office, fancy name card and all the jazz. They keep spending more money than they are making. I have been guilty of doing that myself. I spent insane amounts of money thinking money would pull
What I did realize is, when people borrow money they spend it lavishly without a proof of concept sometimes.
What's the recommended strategy? If you are a start-up, start with a product or service or idea. Then go find a customer who will buy your product. You don't need a fancy office or a card to get a customer, that's a myth. Your agenda is to find someone who wants to buy your product. When you do, deliver your product or service, and charge them your fees. Then you deduct your expenses, which should be less because you don't have a fancy office, then you get your profit. For an income of 10 rupees, you deduct 8 for expenses and you are left with 2 rupees profit. Use that to multiply and 10 X your activity.
Don't focus on getting money to make it perfect. Use your own money to expand your business.
This might take more time to grow than say with a loan would, but what's important is, it's not about making more money, it's growing of a businessman.
When you start a business and generate a profit, you as a businessman grow. Learning about different functions and getting experience is a mandate for the business to grow.
We advise you to use the money you earn from your business to grow your business and yourself.
Start small, offer product or service, generate profit and use that to 10X your activity. Find the correct strategy, do more of it and grow. I hope this video helps you grow your business and see abundance of income.
Stay Alive, Stay Fearless.
Dream Big. Stay Strong.
Stay tuned for the next video. Thank you!