Money Matters

How do I raise money from investors for my business

By: Phillip Washington

My opinion…don’t seek out investors.

Here’s the reality.  Most people who go into business (or want to go into business for themselves), do it because they want to work on their own terms.  They don’t want to answer to anybody. 

When you have investors, you have bosses.  You may say, “Yeah, but I’m the CEO. It’s my company.” But once you take somebody’s money and make them a partner in your business, you have to answer to them.

It’s like marriage.  You just can’t do whatever you want to do with the resources that you have.  

Whenever I’m asked this, I say, “Look, you should do whatever  is possible, legally, to make money.  Become an Uber driver, wait tables, sell stuff online, go garage sailing, put in a bunch of hours of work to make money and be your own investor.

Live on the least amount that you can and invest all the rest into your business. Maybe it takes you a little bit longer to grow.   It’s going to take a while anyway, so why not take just a little bit longer so you can own it all. 

This allows you to build it the way you want to build it, and not have any bosses.

Just my thoughts.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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