Page 73 - The Bootstrapper Bible

ChangeThis Ringo was the SECTION 4 Luckiest Beatle There are no guarantees in life, but the odds are that if you can take care of these nine things in your business, the rest will take care of itself. RULE 1: FIND PEOPLE WHO CARE ABOUT CASH LESS THAN YOU DO Tapping a bank for a loan when you donʼt yet have much to show so far is understandably scary. Fact is, it wonʼt work. Banks are in business to have their loans repaid. And there are many, many businesses ahead of you in line for that money. Sometimes it seems like the only option you have is to borrow money from friends and family. Borrowing from other businesses to fund your business is much smarter than borrowing personal money. Your suppliers and your customers almost certainly have different objectives than you. If you can collect early and pay late, you can grow with their money. Instead of trying to cajole a skeptical banker into lending you money on faith, borrow money from the people who have the greatest interest in your success: your suppliers and your customers. | iss. 6.01 | i | U | X | + | Be bold. Dream up your own manifesto and SUBMIT your idea here. h 73/103 f