Hello, and welcome back to the second, and final part (for now) in ways to raise money to help start you business without having to go to the bank or taking out a loan.

In today’s world, there are thousands of very rich people, looking for ways to become very, very wealthy people. And a large number of them look to investments to do this. Some go for the stock market, some into real estate and land banking, and some invest in other businesses. And it’s this last category that we’re interested in.

Lots of people invest in businesses, but they all do it for one reason:

They expect a return, that will give them more money than they started with.

They’ll generally do this through buying shares in the company. So how do you set about attracting investment?

Actually, it’s not as hard as you’d think. Start with family and friends. Ask them if they want in, or if they know anyone who might. From there, start looking on business forums, and asking people at seminars. Everything essentially comes down to networking. But remember, it’s not who you know, it’s WHO KNOWS YOU! However, most people will not want to include family and friends in business relationships, mainly because it can ruin your personal relationship. Get your name around, and tell people about what you’re doing, and if it has potential, people will invest in it. Just keep knocking on doors, and be patient.

A great example is Colonel Saunders. For 12 years he went round asking people to invest in his chicken recipe. After 12 years, he had 600 restaurants who sold chicken made his way, and was paid a nickel every time a sale was made. That year, he sold his company to a group of, you guessed it, investors, for a cool $2,000,000. It is now one of THE most known brands in the world.

Perseverance WILL pay off, if you’re patient. Never give up the dream.

Pete

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