Post by Trade Coach on Jan 26, 2021 17:57:19 GMT 1
Lack of funding may be an excuse for people who are not really prepared to start an export trade.
According to Mark Cuban, an American’s entrepreneur, owner of Dallas Mavericks, and TV Personality, "the biggest mistake most people make is to think that they have to raise money to start a business".
There is no such thing as a successful business that became successful because of funding.
While one understands that certain businesses genuinely do need funding, and while funding is necessary at a particular stage, it does not mean that every business needs funding to get started. And in fact, the majority of funding required are not real funding needs, but the lack of ability to create money from no where.
Most Funding requests are disguised gap in creativity and sales skills. Because with the right sales and creative skills, you can create the amount of money that you need. And you can also break down your business into versions that you can afford it's funding.
Thus funding problem is majorly disguised creativity and sales problems. Frankl, lack of funding is a big excuse for people who are not genuinely ready to start an import/export trade.
I understand this because great entrepreneurs are not stopped by funding obstacles. While many successful entrepreneurs in the world started in spite of funding difficulties.
Amazon started out from the garage of Bezos’ in Bellevue, Washington. He started out with funding of almost $250,000 from his parents.
Facemash now Facebook started in 2004 by Mark Zuckerberg and a group of friends. They started out with sweat equity, technical skills, and the ability to sell their idea and build a solid community.
Apple started out in Jobs’ garage on April 1, 1976, by college dropouts
Steve Jobs and Steve Wozniak. They started their business with sweat equity, technical skills, and the ability to sell a not so perfect Apple 1 product without a monitor, keyboard, or casing.
Bill Gates and his business partner Paul Allen built the world’s largest software business, Microsoft, from technological innovation, keen business strategy, and aggressive business tactics.
You will find a similar story for Elon Musk, Mark Cuban, Richard Branson, Dangote, and so on.
These men built their businesses from the ground up with sweat equity, the right attitude, personal savings, or support from families. Funding did not stop them and funding will not stop your import/export business if you are serious about it. It is true that funding at the early stage of a business double business stress, dilutes control, and expands leadership complexity.
You must look for ways to fund your way to a proven business exploit. Investors rarely fund ordinary ideas or struggling businesses. They fund businesses that are already succeeding but need funding to expand that success. This is why banks rarely lend to Small Medium Enterprise, but do so easily to successful businesses. And why the majority of successful business owners started off roughly.
So why do people still waste time looking for funding?
People gravitate towards funding for three reasons.
The first is the Fantasy of overnight success.
Another is the desire to use another person’s money to fix fundamental problems. That can only be solved through discipline and hard work.
And the third is to make an already successful business even more successful.
Among reasons, only one is of interest to the investor. Investors are not on a mission to rescue your business or make you rich.
According to Mark Cuban, an American’s entrepreneur, owner of Dallas Mavericks, and TV Personality, "the biggest mistake most people make is to think that they have to raise money to start a business".
There is no such thing as a successful business that became successful because of funding.
While one understands that certain businesses genuinely do need funding, and while funding is necessary at a particular stage, it does not mean that every business needs funding to get started. And in fact, the majority of funding required are not real funding needs, but the lack of ability to create money from no where.
Most Funding requests are disguised gap in creativity and sales skills. Because with the right sales and creative skills, you can create the amount of money that you need. And you can also break down your business into versions that you can afford it's funding.
Thus funding problem is majorly disguised creativity and sales problems. Frankl, lack of funding is a big excuse for people who are not genuinely ready to start an import/export trade.
I understand this because great entrepreneurs are not stopped by funding obstacles. While many successful entrepreneurs in the world started in spite of funding difficulties.
Amazon started out from the garage of Bezos’ in Bellevue, Washington. He started out with funding of almost $250,000 from his parents.
Facemash now Facebook started in 2004 by Mark Zuckerberg and a group of friends. They started out with sweat equity, technical skills, and the ability to sell their idea and build a solid community.
Apple started out in Jobs’ garage on April 1, 1976, by college dropouts
Steve Jobs and Steve Wozniak. They started their business with sweat equity, technical skills, and the ability to sell a not so perfect Apple 1 product without a monitor, keyboard, or casing.
Bill Gates and his business partner Paul Allen built the world’s largest software business, Microsoft, from technological innovation, keen business strategy, and aggressive business tactics.
You will find a similar story for Elon Musk, Mark Cuban, Richard Branson, Dangote, and so on.
These men built their businesses from the ground up with sweat equity, the right attitude, personal savings, or support from families. Funding did not stop them and funding will not stop your import/export business if you are serious about it. It is true that funding at the early stage of a business double business stress, dilutes control, and expands leadership complexity.
You must look for ways to fund your way to a proven business exploit. Investors rarely fund ordinary ideas or struggling businesses. They fund businesses that are already succeeding but need funding to expand that success. This is why banks rarely lend to Small Medium Enterprise, but do so easily to successful businesses. And why the majority of successful business owners started off roughly.
So why do people still waste time looking for funding?
People gravitate towards funding for three reasons.
The first is the Fantasy of overnight success.
Another is the desire to use another person’s money to fix fundamental problems. That can only be solved through discipline and hard work.
And the third is to make an already successful business even more successful.
Among reasons, only one is of interest to the investor. Investors are not on a mission to rescue your business or make you rich.
