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Hello,
I have four very special treats for you in this issue of
my newsletter. Please keep reading...
FIRST:
My newest article is called, "39
Reasons Why Businesses of Every Size Should ALWAYS Be
Ready to Seek Capital".
SECOND:
A list of appearances where I will be giving a
presentation entitled, "Practical Capital-Raising
Strategies for Start-ups and Small Businesses".
THIRD:
Information on how you can sign up to get a pre-release
copy of my latest e-book on funding and e-course on
outsourcing.
FOURTH:
An invitation to attend a free tele-seminar I am
giving with Laura Orsini, of eBook Essentials on "Building
Credibility Through Publishing".
39 Reasons Why Businesses of Every Size
Should ALWAYS Be Ready to Seek Capital
by Allan Sabo
Opportunity Knocks
Imagine this scene: You've just hung up the phone with a prospective client who intends to retain your firm or purchase a quantity of your product that would increase your annual revenues by better than 50 percent.
The client is not shopping, meaning the project or sale is yours, unless you create a reason to lose it. Financially, your business has been growing, but you're already stretched a little thin from upgrading your computer systems and putting down that deposit on some new equipment.
You're ecstatic at the prospect of landing this client - the exposure alone is priceless! This is the big break you've been praying for that will catapult your business to the "next level." You ponder
what such an opportunity would mean for you, personally - allowing yourself that long-deserved raise, getting your son the braces he needs, and treating yourself and your spouse to a full
2-week Hawaiian vacation.
Reality
Sets In
Then,
like a cold splash of water on your face, you wake up from
your daydream, as a flood of fears begins to pour through
you. Your mind reels with thoughts like:
“I’m going
to need to get that $5,000 certification I’ve been
putting off.”
“I’ll have
to add a part-time assistant for $2,000 a month.”
“Oh, and then
we’re going to need a larger space — that will run
$3,000 for the move and $600 a month in additional
rent.”
You have 72 hours to accept the contract. The downside, or risk, of
accepting a sizable contract with such a high-profile
client is that, should you fail to perform or deliver, you
would lose your fees, plus be liable for an expense
reimbursement to the client that could cost you as much as
$50,000. You must also factor in that your first payment
on the dream contract is three months away.
As
your mind rushes . . . you calculate
the costs and how you’ll pay for it all. You’re going
to need at least $17,600 (curtailing your benefits to the
bare bones) — and that’s leaving little room for
error.
Damn!
You want to capitalize on this opportunity, but to do so
would constrict your cash flow so much for the next few
months that you might not survive to reap the benefits of
the contract.
Will
You Be Ready?
No one wants to get caught in this situation, but sadly,
it happens more often than you might realize. And the
worst part of all is that it doesn’t have to happen, if
you make a strategic plan ahead of time! As long as
you’ve laid the proper foundation, there are many
sources of capital you can turn to, regardless of the type
of business you’re in.
Have
you laid the
groundwork to raise the funds your business will need when
that golden opportunity emerges? Will you be able to react
and take advantage of a seemingly miraculous chance to
grow your business in a huge way?
Whatever
the business — whether you’re a consultant, a
freelancer, an independent rep, an Internet business, a
franchise, a distributorship, or any other kind of
business you can imagine — opportunities are lost every
day when business owners are not prepared to respond
because they failed to adequately prepare.
This
is all about planning ahead. It’s not necessarily about
having money to spend on your business right
now; rather, it’s about being able to put your hands
on money, at a moment’s notice, to fulfill a large
contract, order, or other fiscal need.
What Could Additional Capital Mean
to Your Business?
Additional
capital doesn’t have to be relegated to
once-in-a-lifetime opportunities. There are lots of other
reasons to raise additional funds that could propel your
business forward in a big way. For example, you could:
1.
Provide additional training for your staff
2.
Complete or update special certifications
3.
Attend seminars or workshops in your field
— or a related field
4.
Go back to school for that advanced degree
5.
Take a class
6.
Hire additional personnel
7.
Outsource some of the work that’s
bogging you down
8.
Hire specialized consultants
9.
Hire expert freelancers
10.
Invest in trusted advisors
11.
Strengthen your management team
12.
Upgrade your product
13.
Create a new product
14.
Open a new distribution channel
15.
Explore international opportunities
16.
Open a new location
17.
Relocate your business
18.
Move into a larger office/space
19.
Renovate your office/space
20.
Buy your own building
21.
Change your business focus
22.
Create or purchase a franchise
23.
Create or purchase a license
24.
Protect your intellectual property
25.
File for a trademark
26.
File for a patent
27.
Get legal help to review contracts
28.
Update your computers
29.
Build a better Web site
30.
Develop custom software
31.
Upgrade your technology
32.
Purchase new equipment
33.
Invest in a fireproof safe
34.
Improve your marketing
35.
Purchase brochures and other marketing
collateral
36.
Increase your public relations efforts
37.
Test alternative advertising channels
38.
Sponsor a community event
39.
Support a local charity
Mistakes to Avoid
Don’t
make the mistakes most business owners make by either
seeking far more capital than their ventures warrant, or
thinking they don’t need any capital at all. You don’t
have to use the funds immediately, but you must have a
clearly identified source, should the need arise.
Should
a super opportunity arise for you, take some time to
thoroughly consider the consequences. Don’t say no out
of hand, but don’t accept it in haste, either. Make sure
you spend some time determining whether you are
realistically positioned to complete the contract. The
thing is, it doesn’t matter how good the offer is — if
you can’t fulfill your end of the deal, no one wins.
Learn How to Find Funding
If
you think your business could benefit from additional
capital but you’re not certain where to go for funding
or how much is appropriate to seek, then you are
encouraged to attend my FREE
tele-seminar on Monday evening August 22,
where I will offer “Practical Capital-Raising Strategies
for Start-ups and Small Businesses.”
To
register, please send an e-mail to
You’ve worked
hard to build your business to this point. Come learn how
to make it even better by securing the funding before
you need it!
Schedule
of Appearances:
I will be giving a
presentation entitled, "Practical
Capital-Raising Strategies for Start-ups and Small
Businesses". Learn the insider secrets of the capital markets and how to use these secrets to help you secure funding.
Attendees will walk away with these valuable tips:
-
What is the most common mistakes made by entrepreneurs seeking capital
-
What investors really want, besides a return on investment
-
How to make your company so attractive investors will seek you out
-
What source of capital is the most overlooked, yet easiest to secure
-
How to exponentially increase your odds of securing capital
August 22 - ALTI
Success Strategies is hosting a FREE tele-seminar
on Monday evening.
For more info and details of how to attend this free tele-seminar, please send an e-mail to
Listen to my AUDIO
PROMO.
Advanced
Pre-Release Opportunities
Are You Seeking Capital To Fund Your Dream Business? Sign-up for the
PRE-RELEASE of Allan Sabo's comprehensive e-Book,
"Practical Strategies To Fund Your Dream
Business" and companion audio narrative with interviews and downloadable workbook. Sign-up
to get your exclusive chance to purchase an advance copy at a substantial discount. This is a must have tool, with must read info - Sign-up for your copy TODAY!
Grow
Your Business By Sharing The Work!
Ever been torn between consultants, service providers, freelancers and hiring?
Do you know the difference? Do you know which one is better for your business?
"Share the Work, Grow
Your Business: Inside Secrets for Retaining Expert
Consultants, Freelancers and Agencies for Your Small
Business" is comprehensive e-course that will forever change how you look at consultants, service providers, agencies, freelancers and hiring your own talent.
Sign-up
to get your exclusive
chance to
purchase an ADVANCE PRE-RELEASE copy of
this e-course at a significant savings.
Build Credibility
as a Published Author
Use publishing
to effectively promote your business. Register for our free
tele-seminar: "Building Credibility Through
Publishing" and get a very special gift worth $250.
Click
to sign-up for the tele-seminar. If your thinking of
writing and wondering how to get published, even if you
only write articles, perfect for those who know nothing about publishing and don't like to
write - this is a must-attend event!
As
always, it is a pleasure to help you grow your business.
Be
well.
Allan Sabo
President
ALTI Success Strategies
Grow - Profit - Prosper
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