Getting Finance

Let’s face it. You need the money to get your idea finally moving. Don’ think you’re hopeless when you can’t finance it on your own. You can easily find investors, lenders or donors around especially when they see that your business idea is bound to hit the jackpot in the long run.

In this episode of The Speed Mentor Podcast, Gavan shares practical strategies for every entrepreneur, especially the aspiring ones, on how to get financed. There are 10 easy ways that Gavan discusses today that he personally curated for you. These could quickly be learned, and in no time, you’ll be able to do it on your own so start tuning in.

KEY TAKEAWAYS

In most successful businesses, it’s more important to track the cash flow than profitability. Proper maintenance and management of money and its streams are keys to making your business last. 10 Ways of Getting Money For Your Business: Use credit card/s. It is very risky, but it can definitely help with the deposits for your businesses. It helps if you use them only for business transactions and avoid using them for personal use. Just make sure to always settle payments on time. Get a bank loan. HSBC finances almost 70% of the franchise business in the UK. Gavan attends their events since he wants to expand his knowledge in franchising. Consider factoring or invoice-based financing. “Factoring is a finance method where a company sells its receivables, its invoices at a discount to get cash up front.” Choose SSIP or SSAS. These are pension schemes which can give you more control over your investment decisions. Try crowdfunding. This is an excellent way to test if your business idea will click with investors and future customers. Attract angel investors. If you want to get financed, make sure that your pitch deck is well-prepared. Angel investors will want to make sure also if you and your team are able to implement what you’re proposing. Look at credit union loans. Aside from the fact that you can easily tap on the local union for loans when you need it, you can learn proper money management with them. Scout for opportunities in your area. There might be individuals or groups that offer start-up loans, and the local government might be seeking for local entrepreneurs to help boost their businesses in and out of the local area. Raise money from your family and friends. This might be the most common among entrepreneurs. But be careful because mishandling might, in the worst-case scenario, sever some the ties.

BEST MOMENTS

“It’s the attraction that you create around your exciting narrative and compelling story of you, your business, your purpose and your plan that will attract them only to you.” “Go out and support others, and you’ll get that back in return.” “Pain of losing your own money is bad, but it’s nowhere near the pain of losing the money of your family and friends.”

VALUABLE RESOURCES

Kickstarter Funding Circle Dragon’s Den More info on Speed Mentor Retreat (May 18-19, 2019) at com

ABOUT THE HOST

Welcome to the Speed Mentor Podcast.

Do you want success and abundance in your life?!

Do you want to hear how to achieve it?

Then you’ve come to the right place where the world’s only Speed Mentor, Gavan Wall will mainline you with micro bite-sized chunks of inspiration fused with knowledge, built into a daily routine to help you deliver success.

After walking away, a decade ago from his gilded life as a leading Barrister and property investor, Gavan Wall started his entrepreneurial career in inauspicious circumstances as he lost everything in the property crash.

But he refused to give up, re-building a financial fortress from scratch, until now he leads multiple successful multi-million £ companies across FMCG, Franchise, Tech, Property and Mentoring.

He’s the Speed Mentor and serial entrepreneur, who shares with you all the breadcrumbs of success and just as importantly the failures. If you listen, you can avoid the potholes and learn to conquer your fear and live a life of success and abundance just like him.

But be warned, his message can be stark and will not be for those seeking shortcuts. If you’re wanting to be told that the law of attraction will deliver success wrapped in a bow to your front door, then this Podcast isn’t for you, as that’s never going to happen! It’s time to own your own sh#t, never blame others and take the massive action to create the attraction.

The opportunities and whitespace are everywhere. Gavan will help you get outside your comfort zone, connect with others, shed the scarcity mindset, set gorilla goals and achieve so much more.

If you want to make your ideas soar…then talk to the Wall!

CONTACT METHOD

Gavan’s LinkedIn: https://www.linkedin.com/in/gavan-wall-b828a56b/ Gavan’s Instagram: https://www.instagram.com/gavanwall Gavan’s Twitter: https://twitter.com/gavanwall Speed Mentor Podcast Facebook: https://www.facebook.com/SpeedMentor Subscribe to Gavan Wall’s YouTube Channel: https://www.youtube.com/channel/UCZyfsl7Au5_tM7gKA_vuitw Gavan Wall Official Website: gavanwall.com Email him at success@gavanwall.com