The Four Components to Fund and Launch a New Business
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Many people get overwhelmed when they consider the prospect of starting a new
business. Then there are those who go soaring in head first�full speed ahead
with closed eyes! Both types of people can benefit by splitting the business
building process into four distinct components: money, prototype, industry
expert, and distribution channel.
1. The Money. The majority of us feel like we cannot build a new business
because we do not have enough money. The awesome secret behind the money is that
money is strangely attracted to where it is helpful, safe and well nourished;
for that reason, money is actually the last of the 4 components you will want to
seek out. If you create a business and have faith in it, the money will
2. The Prototype. The closer you can get your idea to a provable concept, the
more appealing it will be to money. Besides, you wouldn't want to devote
considerable amounts of time and resources into a project that simply will not
3. The Industry Expert. This should be your initial step. Way too many things
come to light when you go into an industry you know nothing about. You need
someone on your team who knows the industry and knows the right people.
4. The Distribution Channel. Tell me this: Why would you ever want to spend
loads of money and time to build a surplus of things you will store only to have
them sit in your warehouse for years? To avoid this scenario, follow this simple
advice: If you do not have a buyer and a way to distribute your goods, do not
Building a new business is painfully simple and easy. It's only in our own
heads that the process becomes overwhelming. Use these 4 components and venture
safely and happily!
About the Author
Rod Alan Richardson has dedicated his life to teaching people to succeed in
free enterprise through
Training. Mr. Richardson believes he can change the world by directing
people to a higher road and putting them on the path to Transcend Money.
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Article Published/Sorted/Amended on Scopulus 2007-11-19 01:44:26 in Business Articles