Raising money - One Million In The Bank

Ideas From Other People Can Make Millions

by Mike | Mar 1, 2017 | Business ownership, Finding Money, Million in the Bank, Raising money, Uncategorized | 0 comments

Create an Opportunity

You can make millions from other people’s ideas.

What if you just can not think of a tried and true business to start and make your $1,000,000 in 3-7 years? You could try what Gabriel does, but it takes some skill. Gabriel has a unique business model that he calls a Business Incubator. His website can be found at www.TechStudios.net. This is not to be confused with a traditional business incubator where startups usually move into a shop. In this setting, they have mentors and peers to help them to try and grow their business idea. Gabriel does it all for you, he takes your idea and flushes it out.

Often, people have a business idea but they don’t know how to start, how to get the money, or more often just does not have the time. Gabriel will get the company started and tested. He will put the plan together, assemble the team, find the means to finance the operation and run the company. He will be paid a fee for this. Besides his fee, he usually retains a small interest if it is bought back by the idea generator. His company motto is “Ideas taken to execution.”

He will negotiate with the original idea generator a buyback agreement before they start. The idea generator can buy it all back later if he wants the whole company or whatever they have negotiated. In one sense this is a variation on asking your friends for ideas, except he lets clients bring ideas to him. Plus he gets paid to develop their ideas.

Be Sure It Can Make You a Millionaire

If it is your idea or if you develop someone else’s idea, be cautious to not just do anything to make money. Do things that lead to making enough to make you a millionaire. Decide on a business that will have the kind of cash flow and net profit needed. The goal is to make you enough to save $1,000,000 in 3-7 years. Do your research, make a business plan and get advisor help. Of course, you may need partners for the money to start and grow your idea. But a good plan and your own confidence can get you the money you need.

You can also find your way to the door of opportunity.

In my interview with Gabriel, he agreed with me wholeheartedly. Gabriel said that almost any business can get you to $1,000,000 with good execution, sales, and marketing. Get your head in the game…………..start your planning today to be a millionaire in 3-7 years.

Get the Book

Michael L. F. Slavin Author of 7- time award-winning One Million in the Bank: How To Make $1,000,000, Even If You Have No Money Or Experience

www.onemillioninthebank.com

Great Toy Story-Remember Your Favorite Toy?

by Mike | May 19, 2014 | Business ownership, Crowdfunding, It is a Journey, Million in the Bank, Raising money, Starting Out, Types of Business | 3 comments

Great Toy Story in Summary

Remember your favorite toy or your child’s favorite toy? Toy’s are a big part of all of our lives. But for Shawnta Ray and her husband Rick Harmon toys are their lives. They have had a wild ride, and there is not enough room here for all the spills, turns, and lessons learned. (more…)

Home Brew to a Million Dollar Business

by Mike | Apr 5, 2014 | Business ownership, Million in the Bank, Raising money, Types of Business | 0 comments

Home Brewer Starts Beer Company

Jim Elliott was able to take his home brew to a million dollar business. He had been in retail much of his life, then a school teacher for 14 years. He had been home brewing his beer for 7 years and everyone loved it. He talked to the wife and decided to start a brewery. Jim had made a good business plan to organize his thoughts and try to get the money he needed. He did not have a lot of money, but between his personal money and all his friends and family he scraped $150,000 together.

Jim’s credit was good but even with the help of the SBDC he was still turned down sixteen times by banks for the loan he needed to start his brewery. (more…)

Grooming Your Future Money Now

by Mike | Mar 18, 2014 | Raising money, Venture Capital | 0 comments

How to raise money from everyone.

You do not have to wait for your business plan to start warming up potential investors. You do need to have your pitch in your head, hit the hot buttons. What you are doing, why you are qualified, how much you need, and what kinds of returns they might expect? Ask them if they might be interested, get their name and number and tell them when you get it all together you’ll let them know. (more…)

I Failed and then I Succeeded to Find Money

by Mike | Mar 12, 2014 | Biggest Problems, Finding Money, Raising money | 0 comments

Anyone can learn to raise money.

It was in my “in between years”, the seven years I struggled after I was recruited out of the Army and before I started my company which would make me a millionaire in four years. It was the first time I had tried to raise any money. My partner on this deal was the real estate expert and we only needed $200,000 to get this piece of land and he assured me we could flip it for a big profit. (more…)