Changing With the Times & Financing the Changes
Warren Buffet is quoted as saying, “Be Fearful When Others Are Greedy. Be Greedy When Others Are Fearful.” Dave Ramsey said during his Town Hall event on April 22, 2009, “We don’t have to participate in the recession.”
Instead, this can be a really great time to start a business, which is antithetical to what people presume. The down market can provide lower costs of real estate in terms of leasing space and lower labor costs because people are willing to work for less or for deferred payments with the option of equity.
Larger groups of people are open to taking that chance of being an entrepreneur, because being laid off is that kick in the pants they needed to take their idea to the next level. It is our belief that these people will be the ones to help lead the country out of this recession.
However, funding a new business can be a challenge. Asking for loans from your family can be a dangerous undertaking. After all, you want to be able to go home at Thanksgiving, no matter what happens!
Things to consider include whether you have enough operating capital so that if you have clients that don’t pay their invoices for 30, 60, or 90 days, you can still operate your business.
Or you can work with American Prudential Capital who can fund your accounts receivables immediately and collect your invoices while you focus on growing your business and creating success.
