My Business Credit Journey to 1,000,000

I was online reading and preparing three other posts for my blog that I would post in the next 3 days and I noticed something that is a bit unnerving. I was on 3 different entrepreneurship and small business forums today and one of the biggest categories in each forum (if not the biggest as it was in one forum) was a request for funding.

I read post after post asking for an angel investor, all these enthusiastic soon to be entrepreneurs, with their wide eyes and awesome ideas just waiting for that great angel investor to through $500K there way. I have to say one thing, STOP. The truth is, I was in that situation. I was a college junior with an awesome idea that would change the way an entire region did business and I had NO MONEY. Ok, I had 100 bucks, but not enough to launch my ground breaking business. I wrote and re-wrote my business plan for about 8 months. I went to at least 20 banks; had meetings with 4 VC companies and as a last resort I spoke to many family members. I was desperate for this money that would change the world. I posted ads everywhere on the internet. I paid for websites where I will post my project and make presentations to so-called angel investors(i guess they were someone else’s angel because they didn’t give me the time of day) with no result. And remember, we weren’t in a credit crunch then. Some may say maybe the idea was bogus, and ok, maybe it was. But what I am saying is that even if we have bogus ideas (Noah had a bogus idea), shouldn’t we have the opportunity to develop them as well?

There are literally thousands of young entrepreneurs requesting money on a daily basis and many a time it’s not the best business plan that gets the funding, it’s to son of the Bank’s VP that gets it (ok I have a grudge, sorry).

Anyway, so back to me reading the forums this morning. Me being the helpful individual that I am, posted on some of these forums, I messaged some of these guys and told them that they should take matters into their own hands and incorporate, build business credit and then launch. People responded as if I was selling a pipe dream (maybe it was because I was offering to build the credit for free at that time). The idea just seemed to good to be true, and I must admit, it does but it’s possible.

I know this is an abrupt closing but I think I strayed a little away from my topic. In short, if you can get conventional funding in these times, more power to you but if not, STOP WASTING TIME “REQUESTING INVESTMENT”(it’s called begging in Jamaica, where I was born) and take matters into your own hands and build business credit.

-mike