Money money everywhere,

and not a cent to start with!

     Sure there are all kinds of venture capital dollars and small business loans out there. There are also slot machine, blackjack, horse race, football pool and lottery winnings to be had.

     Forget ’em all! REAL entrepreneurs don’t gamble. They’ve also probably learned the hard way to not trust outside funding sources.

     Don’t believe — for even one minute — that you can waltz into a small business loan package deal, government SBA, bank or credit union, and waltz back out of it.

     First off, unless you really enjoy building productive partner-type relationships with the IRS or motor vehicle bureau (and those examples are just for openers), reality is any government -affiliated loan arrangement will leave you so tangled up in your underwear that your business will probably fold while you’re struggling to get through the mumbo-jumbo paperwork, acronyms and legalities.

     And don’t you just love that the daily lineup of eager-to-please loan officers require only that you put up enough collateral to cover the amount of the loan … like your home, your sister and your oldest child? Duh, if you had all that net worth in your closet, why would you need a loan?

     If you think it doesn’t seem fair, it’s because it’s not. Business is not fair. Neither is life, so say those who have failed because they couldn’t get the loans they needed to avoid bankruptcy and foreclosure.

“Yeah, but I’ve got a great, earth-shattering

idea that will make millions, billions even!”

     Good luck!     

     Of course there’s always the mafia. Can’t find any around? Drive to New Jersey (apologies to my former neighbors) and just ask. You could maybe even Mapquest it. Then, you need only be willing to give up your life in return. Hmmm, not a bad deal: business survives; you die. Oh well.

     Venture capitalists want 45-60% control ownership and immediate return on their investment. You’ll be amazed how fast 180 days go by, and wait to see how much fun it can be having to get approval for a printer cartridge purchase.

     Uncle Charlie? Maybe, but probably not a good thing unless everyone else in your family is already dead.

     So, what’s a bright up-an-coming entrepreneur to do?

     Sweat. Work hard long hours. Believe in yourself and your ideas. Be passionate about them. Have a burning desire to achieve them and be willing to pursue your goals at all costs. Keep your head down and charge.

     Never give up. And when you stumble, get up! Be the posterboy or girl for TRUST and AUTHENTICITY and INTEGRITY, and don’t let anything or anybody get in the way of that! 

     Be single-minded enough to not be side-tracked, but stay flexible and resilient enough to make adjustments along the way. Surround yourself with positive people and cultivate positive thoughts and attitudes. Take lots of deep breaths. Don’t take anything for granted. Work it yourself. Sell yourself, and earn enough to fund yourself!

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