(Guidance to Wealth) The Millionaire path - FUNDING FOR YOUR BUSINESS - Raj Kapur

Raj Kapur - "Guidance to Wealth" - The Millionaire path

CLARITY ON YOUR BUSINESS - THE WHY, WHO TO WORK WITH

IBGR.Network - PROFIT Radio. Everything a business owner needs to start, grow, or exit a business. Grow with us.

Show Objectives 
No matter how great your business idea is, one of the elements is your ability to obtain sufficient funding for starting and growing the business. Now you may have funded or financed your small business with your own capital or by borrowed monies from family and friends as many small startup businesses do, but there are other options available.

Key Issues
Why do you need additional funding? Get very clear on it before you go ahead, borrow or invest your own monies. 

First thing is to evaluate your business at this point and get clarity. I believe that is of utmost importance. If your business is not generating enough profits and you are believing that growth is going to bring that then re-evaluate your idea. 

If you have a great idea that can expand your business then re-look at your business plans and your goals and adjust them accordingly.
Make decisions that make sense both in your head and on paper.

Do you believe enough in your idea to take out a second mortgage on your home? Sell your car? Live on basic food for a year or two years to make it possible? Do you have that burning desire and the idea that has been vetted out?

What You Need to Do

• Take a look at your Expenses first and calculate additional costs 
• Traditional Ways to get funding
• Self Funding
• Get your family and friends to invest first
• Personal & Business Credit Cards
• Merchant Cash Advance
• Getting a line of credit from your supplier (depending upon your business)
• Other ways to Get Financing
• Angel Financing
• Crowdfunding
• Venture Capital
• Small Business Loans
• Government Grants - If your business is eligible

Tips to Manage FinancesCreate a Budget Plan

• Know your business well
• Separate Personal & Business Finances
• Improve your Credit Score
• Think about Financial Advisor
• Cutting on Excessive Expenditures
• Look at the insurance needs to protect your business
• Lease business equipment 

RAJ KAPUR - EXECUTIVE & SUCCESS COACH
Coach | Mentor | Speaker | Non-Profit Expert | Published Author | Radio Show Host 

As an Executive/Leadership Coach Raj believes in building World Class “Super Leaders,” One Executive at a time.

Raj is the founder and CEO of Options Ahead, Inc. With his program “Guidance to Wealth - The Millionaire Path” he helps Coaches live their dream life by resolving their financial stress without just needing to make more money.

Raj leverages his 30 years of experience & success to help coaches & trainers on how to grow from 5 to 7 figures. He helps them find their niche, market, clientele, capitalize on their strengths and help empower them to grow their business & monetize it. 

Raj is an Award-winning, C-suite leader and certified executive and leadership coach who has built, developed, and led large, globally competitive teams, provided transformational coaching to maximize productivity, improve staff morale, and inculcate powerful leadership skills — experience in for-profit and non-profit sectors. He leveraged leadership skills to transform struggling companies.

With over 30+ years’ experience and leadership wisdom backed by a toolkit of the world’s best leadership resources and cutting-edge techniques and ideas, Raj has leveraged proven leadership methods to develop super leaders that transformed not only themselves and their teams but also the entire organization at various levels.

Raj has led extensive workshops, seminars, coaching sessions, mastermind sessions, keynote engagements, and group and one-on-one coaching sessions. He has coached thousands of individuals during his career, created powerful instructional programs and courses. He has developed financial leadership programs, introduced leadership training, and Mastermind sessions at various organizations designed, developed, and led workshops on leadership, communication, and productivity across the country.

His corporate experience includes a background in managing budgets exceeding tens of millions of dollars, turning around companies, maximizing profits, and catapulting business success while working with CEO/board of directors.

Raj Kapur is an Executive Director with The John Maxwell Company. He is a Certified Coach, Teacher, Trainer, and Speaker, a certified DISC Trainer, and a published author.

Written by: Raj Kapur
www.RajKapur.com
http://www.millionaire-path.com/  | http://www.nonprofitedge.org/

​