How to get funding for your business idea?
Do you have an amazing business idea? But no idea how to get money to launch it? Are you like me
short on rich family members but full of business ideas? Well, let me tell you exactly
how you get it done. I've been exactly where you are started with an idea and now I have
multi-million dollar businesses. I'm going to tell you exactly how to do it. Let's go.
I'm going to share with you exactly how to get your business funded even if you have bad personal
credit. I'm going to share with you how I went from zero to hundreds of thousands of dollars in
business funding in just a few months and how I have students doing even faster than I did.
And I'm going to share with you my big secret on what not to do so that you don't lose money
as you're trying to get your business funded. There are so many benefits to having your own
business and taking that business idea to an actual business. I'm going to quickly tell you,
this is Noelle and I started off in my parents' basement, literally. I had 2
kids and was pregnant with a third kid when we had lost everything. Literally had to file bankruptcy,
had multiple foreclosures and I had to move back in with my parents with my husband and my kids. I
was a total loser. That's the bottom line to it. And now I'm a successful entrepreneur who runs 6
businesses. So yes, it can be done. You literally can take all of those business ideas that you have
and turn them into profits. And again, there are so many benefits to doing it. Today, I get
to run a business where I create my own hours, I create my own paycheck and I get to create
the life that I want. When you take your business idea to an actual business, you get to bring to
life a new thing. It's almost like my situation with being a mom. I take this thing that doesn't
really exist and then I turn it into an actual thing. So, it's completely possible to turn all
of those business ideas into profit and I'm going to tell you exactly how to do it. So, in order
to get that business from an idea to an actual business and get funding for that business idea,
let's talk about what you need to do. The first thing that everyone has to do and you need to know
is start the business on paper. If you actually want a store or you want a salon or whatever
the business may be, you need to decide if you're selling a product or a service or both. And write
out the idea. Again, make a business plan of what it is that you are going to be doing. If you want
to get your business funded and you want to take that idea and have people give you money for it,
you need to write down what your plan is. Now, I'm not saying that you need to spend a whole
bunch of money or have people write up anything for you. But you got to get clear on your vision.
What does the business do? Where are his customers coming from? What do you project the income will
be and how much money will you be spending on your marketing and things of that nature? Just get
clear on a couple of ideas and make sure that you write it out in a way that makes sense where other
people can clearly understand what it is that you do who your customers are and how you're going to
make profits. This is the step that most people skip and this is why most businesses never get off
the ground. I'm going to tell you it's actually very easy to write a business plan out. It doesn't
take very long. I have students that can get it done in like an hour or 2 and it's actually
a very, very good thing because you will have it already typed up. You will have it available and
it won't seem like you just made it up in order to get funding. If you already have your business
plan outlined you've written it up and you start building the business, then you go get funding,
they will know that you didn't just write this document up in order to get money from them.
So, take the time write out your business plan and get it ready and start executing on it. Next step,
make the business a real business. Set the business up. You're going to need to go get the
business registered with the secretary of state. So, name your business. Get an LLC or a C corp for
an S corp. Again, make it a legal entity. Get an EIN number, get a professional phone number, get a
professional website. These are going to be things where you have an actual business that someone can
look at if they google you and find that you have a business. This is going to set you apart from
most business ideas. This is how you will take that business idea and turn it into an actual
business that people will lend money to. You'll be surprised how much money people will lend to
your business just for having a decent website, a professional phone number (not your cell phone),
a professional email and I don't mean just the email that says like abcbusiness@gmail.com. An
actual business email. Again, I made an entire video that breaks all of this down for you
I'll make sure to put a link in the description box below. Please watch that video so you can get
the full ways on how to make your business in just a few steps. Again, I have students that
can create their whole business in just a day and you can do it too. But the key to it is you need
to do those steps so that the business is a legal entity. Something that people can actually fund,
something that people can actually invest in. If you just keep the business as an idea and in your
head, it's not an actual business and you're not going to be able to get funding for it.
Unless you have a rich family member. But I didn't have any. I don't know about you.
And then last but not least, start building business credit fast. I'll quickly tell you,
business credit is what changed my business forever. I used to have to use my own personal
credit cards and my own personal savings in order to have capital and savings for my business. And I
was fine doing that but it wasn't until I started getting business credit, getting lines of credit,
business credit cards and all of these funds in my business's name that I was truly able to quit
my job and never have to return. You can do the exact same thing. You can build business credit
really quickly if you do the steps that I outline. But you'll also need to make sure that you get an
EIN which is in your employer identification number, a business checking account,
and start building business credit with a Dun and Bradstreet number. So, there's 3 business
bureaus that you want to start to learn about. The first one is Dun and Bradstreet. The second one,
Equifax business and the third, Experian business. Now, I'll tell you, Dun and Bradstreet
is the biggest of all of the business credit agencies. That is where you want to make sure
that you have a business credit profile. Some people will tell you you can skip this step
but I'll be very honest, I have not been able to get into the millions without having a Dun and
Bradstreet credit profile. And I also tell you, it's actually pretty easy to do. I don't know
why anyone would tell you to skip this step. It's completely free to get your dnb number and you can
start having trade lines on that business profile in just a matter of months. So, why wouldn't you?
Then you can start off with getting some vendor credit. Use companies like Uline, Quill and
Granger then you can quickly upgrade to getting store credit cards such as Walmart, Gas cards like
Chevron and Shell. Again, business credit cards and then you can move on to getting those cash
credit cards City business, Chase businessing capital one. American express business credit
cards and a slew of other lines of credit. In fact, I have millions of dollars in my business's
name just by doing this process for my businesses. And then repeating it over and over with each new
business idea that I get. And this is how you can take those business ideas and turn them into cash.
Once you started building your business credit, go ahead and apply for things. Okay? Do not be
afraid to apply for business credit cards, do not be afraid to apply for the funding in your
business's name. Most businesses fail because they do not have enough capital to sustain them.
As you know, I used to work full-time, I was a working mom,
I used to be the mom that was late picking their kids up from daycare. I was always working
overtime if I needed more money. And now, I live the life that I love because I have a business
and my business is well funded. And that could not happen if I did not take the time and take a step,
take a risk, and apply for business credit, okay? So, don't be afraid to apply. Ask them what the
terms are, ask them what their requirements are, and start to go for it. Okay. So,
I have shared with you exactly how to get business funding for that business idea.
You have all of the steps make sure you click those links below. I put some resources below
that will allow you to get business funding. I put some companies there. You can click on those
links. You can even be a startup and get funding with those links that I put below. I want you to
click on those links. I want you to start applying and I want you to do the steps that you need to do
so that you can have the life that you want. Make sure you like this video, subscribe to my channel,
click that little notification bell so you do not miss any of this free content that I am bringing
to you every single weekday. I want to make sure that you have all of the tools, all the resources
and all of the knowledge that you need to be successful. This is Noelle, to your success.