Funding and E-Money / Cash Management / Asset Management
From Internet Web School
'Overview'
According to conventional common sense, it is important to first select a good financial institution that supports the business. But this idea is not always correct.
There is a typical path for venture companies to fall.
(1) Sales do not increase as expected
(2) Get a loan from a bank. At that time, a guarantor is required. It involves family and children. Also using the national security association It is normal to get a guarantee, but this association is run by officials and does not guarantee real management. Over time, private banks will no longer lend, and this time they will rely on government financial institutions. This is also an organization run by an official Management guidance is not possible. Over time, the amount of rewards will increase.
(3) You have to apply for bankruptcy and hide yourself or run away silently.
'Advising and funding from senior entrepreneurs'
A successful case is to get funding if you can get advice from a successful senior entrepreneur.
When you get funding from a mere rich son, you can end up fooling him.
Having a respectable senior entrepreneur is much more useful than learning a serious business.
Also, rather than simply receiving funding, the repayment conditions must be negotiated properly.
The following are examples of senior managers who should be respected.
Case of Mr. Elon Musk
