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How to Get the Money to Start Your Business Are you one of the tens of thousands of people in America who wants to go into business for themselves but has not been able to do it? You are not alone. A 2023 survey by Yahoo Finance found that over half (55%) of all adults in the U.S. desire to start their own business and be their own boss. For people under 30 years old, it’s closer to 63% who are budding, one-day entrepreneurs. However, only 12% actually ever do it. That’s all, just 12%. Why is that? Of course, the first thought that comes to mind, is money or the lack thereof, and this is true. Lack of financial resources does tend to be the number one obstacle to starting a business for most people. However, a very close second, is fear. In my personal opinion, fear is actually the top reason, because fear stops people from looking deeper into how to get the money needed to go into business in the first place. By DR. JEREMIAH THOMAS
If you are one of those people, there’s no shame— millions of folks feel the same way. On the other hand, perhaps you have done everything to secure the funding you need and found that it was simply impossible to attain. In either case, this article is for you. The bottom line is that success is simple. It is not always easy, but it is usually simple. Success often requires following just a few simple steps, just a handful of straightforward steps. Once you know and understand exactly what those steps are—then the job is to follow them. Three Simple Fundraising Methods – No Credit Needed I’m going to show you three simple ways to raise money without the need of credit. But first, please take the following three simple steps. These are the ABCs, if you will, of starting a business of any type. If you are serious about starting your own
28 The Acumen
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