If you are dipping into this chapter in the hope of learning how to get rich quickly then you will be disappointed. If you have been reading the book you will have realised by now that I don’t believe it is possible to make vasts amounts of money quickly and easily – except by winning the lottery of course! Quick ways to make money might be needed when you are contemplating a business idea but need some capital to start with. Failure to invest sufficient capital into a fledgling business is one of the main reasons for failure, along with insufficient cash flow when it is up and running.

You might need some cash to establish a company, print some stationery or buy some packaging materials. Whatever the reason, you need to find a source of ready cash so that you can put your plans into action in order to then make the income that you want to earn. If you don’t have the savings you will need to seek the money elsewhere.

Many successful businesses, including huge global operations, have started up using borrowed money. There are many business guru’s that will preach the idea that you should never risk your own capital when starting a business, use another person’s! This is all very well, but even borrowing funds will require you to have some seed capital with which to start, and I am hoping that you will be able to realise you dream business venture without burdening yourself with risky loans.

Sell those unwanted items

My favorite method for making some cash to get started, one that I have used to great effect, is to start at one end of your home and move mercilessly through it picking out bits and pieces you can sell at car boot sales or on-line. In fact, this is a great way to start building your business empire because simply selling a few items through eBay will fuel your resolve for making money. You might even like it so much, the thrill of making a sale and seeing the money arrive in your bank account, that you continue developing this as your long term business venture! There are many eBay shops doing just this, making a good, and sometimes a great living for the proprietors.

Cut the outgoing expenditure

This is my least favourite method for making money. It is essentially making changes to your lifestyle so that you can actually save some money! Now this method might work for some people and not for others. You have to ask the question: Am I wasting my money and spending needlessly? If the answer is “Yes” then you should easily be able to save money. However, my business opportunity advice is not for persons with the sort of money problems where they have loads of maxed out credit cards and personal loans, borrowing money from friends time and time again. If you are genuinly interested in developing a business, to provide security for you and your family and more income to enjoy the better things in life, you are probably reasonably sensible with your money already. You just wish you had a bit more!

Earn some part time cash

If you are reading this chapter safe in the knowledge that your mortgage is paid this month, but that you might need to wait a few weeks until you can afford that new winter coat, then you are simply motivated to improve your lot. This means you will get by if you do nothing, but things will get better if you do something. So if you can organise your life so that you can find a few hours in which to do some extra part time work, you can ear some extra money that hopefully can be ring fenced for your new business and put to one side. Of course this will be difficult, because any additional money will likely be targeted by the likes of the new coat that you needed, but a bit of discipline might mean some is put away to start your new venture.

Do not say that you do not have time for this. You need to make time. You will be making time for your new business so for the time being, this is just part of running that business. It is the part that will get it started.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!