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Friday, November 30, 2012

How to Get the Money You Need for Your Business by Marc Charles

Money, Money, Money!

Getting the Cash You Need Quickly and Easily by Going to Right Place and the Right Time

5:27 AM

Dear Entrepreneur:

Money makes the world go round…..or is that love?

Well…..let’s just say money makes business go round.

One question I often receive is, “Do you have any money sources I could use”?

Most of the entrepreneurs know I’m not a big fan of borrowing money to start a business.

But sometimes money can help you expand a profitable business, get equipment, or branch out into other ventures.

On top of that, when you have access to capital you can acquire a business, develop real estate, buy manufacturing a plant or import products from other countries…to cite a few examples.

Today  I’ll focus on legitimate money and lending sources.  

I’ve included links to angel investors, venture capital, grants, low (and no) interest loans and more.

Let’s get this party started…..and get the money you need!

There is a cardinal rule of successful borrowing and getting the money you need.

It is this……

Focus on the bank, investor or money sources which specialize in the type of loan you seek.

In other words, if a bank, investment firm or money source specialize in loans for real estate, then seek this source for real estate deals.

If a bank or money source specializes in business acquisition or expansion, then seek these them for this purpose.

Too often entrepreneurs approach a bank with a great proposal or executive summary only to be turned down.

For example, if you approach a small local bank for a loan to expand your import business the chances are slim to none of obtaining it.

What’s more, if you approach a Wall Street investment bank for a $40,000 auto loan, you’ll probably be turned down.

But….if you apply for an auto loan at a local credit union specializing in auto loans the chances are very high you’ll get it!

It’s important to focus on the bank or money sources which specialize in the type of loan you seek.

Grants follow this same logic….

The reason most grant proposals are turned down is because they don’t focus on grantor’s sole objective. If you want grant money to build your operation then build your proposal around the grantor’s sole objective (not yours).

One of my favorite money source gurus is Tyler Hicks. If you research his site, books and products you’ll see what I mean. I’ve been a subscriber to his newsletters for more than 15 years.

New Small Business Money Sources

Small business banks and money sources are usually very receptive to lending money for business opportunities, expansion and qualified real estate ventures.

Simply contact any of these banks and request an application. 

(256) 259-1516

(626) 453-8400

(319) 372-2243

 (515) 245-3262                   

(618) 395-4311

(219) 758-3111

(813) 872-1201

(770) 775-8300

(912) 676-3196

(219) 589-2151

(316) 383-1299

(308) 284-4071

(518) 873-6347

(570) 288-4511

(804) 542-5111

(509) 725-0211

(205) 668-0711

(501) 978-2265

(352) 528-3101

(920) 563-6616

(715) 732-1650

(304) 925-6611

(304) 235-1523

(630) 629-4200

(812) 238-6333

(785) 267-8900

(318) 893-7733

(225) 295-7444

(410) 237-5379   

(231) 757-4751

(320) 233-7575

(573) 565-2221

(417) 679-3321

(601) 268-8998

(402) 483-9606

(609) 693-1111

(212) 557-3700

(419) 678-2358

(713) 466-8300

(540) 326-9000

(509) 353-3830

(920) 743-5551

(608) 222-1222

(970) 945-0500

(561) 466-1200

(850) 671-0300

(404) 588-7711

(313) 222-4000

(612) 973-1111

(314) 631-5500

(317) 321-7020

(502) 582-2571

(606) 432-1414

(337) 365-2361

(607) 432-1700

(614) 480-2265

(405) 270-1000

(360) 699-4232

(414) 765-7700

New Import Export Money Sources

Import and export banks and lenders typically focus on import and export businesses and related transactions.

These money sources include venture capital funds, banks, investment firms, and wealthy investors.

You can contact any of these money sources for an application and funding guidelines.

·        UPS Capital
·        Comerica
·        Virgin Money US
·        Capital Source
·        Fidelity Global Group
·        J&D Financial
·        Balboa Capital
·        First Pacific Funding
·        1st Commercial Credit
·        Wells Fargo SBA Loans
·        Bayview Funding
·        Transfac Capitol
·        TEFO
·        Kennedy Funding
·        xPort Manager

Solvent Investment Banks

An investment bank is a financial institution which assists corporations and governments in raising capital by underwriting and acting as the agent in the issuance of securities.

In other words, an investment bank typically focuses on larger corporations and governments to raise capital.

Investment banks do not usually work with small companies or entrepreneurs.

An investment bank also helps companies involved in mergers and acquisitions.
Unlike commercial and retail banks investment banks do not receive deposits from customers.

Hot Money Sources on the Web!

FreddieMac (They’re still in business and making loans!)

As I said…Ty Hicks publishes International Wealth Success which focuses on money sources, grants, angel investors and contacts in the lending industry. You’ll find hundreds of viable money sources and contacts at IWS. IWS also publishes books, email and print newsletters.

Fast Cash Loans and Money Additional Money Sources

Fast cash or micro business loan are usually in the $1000 to $20,000 range.

A new web-based micro-lender called Kiva enables investors to make some micro loans to entrepreneurs in developing countries.

More Viable Loan Sources:

America Business Funding Directory (4000+ business loan sources) (a peer-to-peer lending platform)

Philanthropists Hand Donate Cash for the “Right” Causes

Wealthy individuals enthusiastically hand over millions of dollars through foundations, to people and causes.

The “right cause” is a key to receiving money for your cause or venture.
The likelihood of receiving money from wealthy individuals to pay bills, buy a new car, or acquire a new boat is pretty slim.

But thousands of people, groups and organizations receive money from wealthy individuals by asking for it, or by promising to commit the funds to the “right cause”.

The late Percy Ross in Edina Minnesota was the founder of the “Thanks a Million” newspaper column. It reached millions of people every week. Individuals could write to Percy with their requests, and many of the requests were honored with an award.

Here are some wealthy individuals and organizations granting cash awards to the “right causes” on a regular basis:

Dorothy Ames Trust
PO Box 1054
Augusta ME 04330
Aid to hearing-impaired children

Thomas C. Burke Foundation
804 Cherry Street
Suite B
Macon GA
Medical assistance to cancer patients in Georgia

Josiah H. Danforth Memorial Fund
8 Fremont Street
Gloversville NY 12078
Medical assistance to residents of Fulton County NY

Alfred I. DuPont Foundation
1650 Prudential Drive
Suite 400
Jacksonville FL 32207
Financial assistance to residents of Southeastern US

Addison H. Gibson Foundation
One PPG Place
Suite 2230
Pittsburgh PA 15222
Hospital and medical assistance for residents of Western Pennsylvania

The Chronicle of Philanthropy is a publication which tracks financial giving from wealthy individuals and foundations to non-profit organizations. You might find it helpful.

The Foundation Center in New York City provides an abundance of information and insight with regards to securing gifts and money from philanthropists or foundations, as well as tutorials for writing successful letters.

Generous Philanthropists
Gordon and Betty Moore Foundation                                                                                              $7 billion                                                                                                                     
Science, environment, health                                                                      

Bill and Melinda Gates                                                                                                
$5 billion                                                                                                                 
 Health, education, science, libraries                                                   

Warren Buffett – Berkshire Hathaway                                                                    
 $2 billion                                                                                                                   
Science, health, nuclear power                                           

Eli and Edythe Broad Foundation                                                                                  
$1 billion                                                                                                               
Education, the arts, science                                                   

James and Virginia Stowers Foundation                                                                        
$1.2 billion                                                                                                                
Biomedical research, health, education                                                        

The Walton Family Foundation                                                                           $1billion                                                                                                                 Education                                                                       

Michael and Susan Dell Foundation                                                                                
$900 million                                                                                                          
Children’s health, education                                                                        

George Kaiser Family Foundation                                                                                          
$600 million                                                                                                           Anti-poverty                                                                                                 

Ruth Lilly Foundation                                                                                                    
 $550 million                                                                                                               
Poetry, education, libraries, culture                                                   

Michael Bloomberg Foundation                                                                                   
$520 million                                                                                                          
 Education, health care, arts and culture                                      

Veronica Atkins Foundation                                                                                       
$500 million                                                                                                         
Eradication of obesity and diabetes                             

Jeff Skoll Foundation                                                                                               
$450 million                                                                                                     

Kirk Kerkorian Foundation                                                                                     
$450 million                                                                                                    
Humanitarian causes

Donald Bren Foundation                                                                                      
 $450 million                                                                                                             
Education, environment, health care                                                                 

Pierre and Pam Omidyar Foundation                                                                       
 $400 million                                                                                                                    Self-empowerment                                                                             

Patrick and Lore Harp McGovern Foundation                                                              
 $350 million                                                                                                                   
Brain research                                                                           

Bernard Marcus Foundation                                                                                          
 $300 million                                                                                                        
 Aquarium, health care, Jewish causes

Paul Allen Family Foundation                                                                                                   
$290 million                                                                                                                       
Arts, science, technology, brain research                                 offers access to more than 900 foundations and generous philanthropists!

I’ve included a boatload of money sources, angel investors, loan resources and more in this week’s issue.

Always remember to focus on the bank, investor or money sources which specialize in the type of funding you seek. This will increase your odds of getting the money you need a hundred fold!

I hope that helps.

Your humble host,

Marc Charles

(Ed Note:  Marc Charles is referred to as “The King of Business Opportunities” ….and for good reason. He should be known as “The King of Legitimate Business Opportunities”…because he’s launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

***** Action Strategy *****
Why do you need money?

Is it to acquire or expand a business?

Or would you like to develop some real estate or buy foreclosed homes and condos?

Whatever the reason it’s important to focus on the bank or money sources which specialize in the type of loan you seek.

In other words, if a bank, investment bank or money source specializes in loans for real estate, then go to this source for real estate deals.

Contact the money source and ask them for an application, or to explain their process for getting the capital you need.

Granted, everyone gets turned down for money requests. No problem. If you focus on money sources ALREADY granting requests in your area, the odds increase in your favor… a big way!

Have fun and play nice.

*****Valuable Resources*****

More Money Sources! (If you can believe it!)

Crowne Point Funding
864 498 3427

CLD Funding
813 839 0340

Mass Private Lending
Erik Potter

Telfair Capital


Wednesday, November 28, 2012

Restaurants Are Not a Good Idea by Marc Charles

This from a reader.....

Question: We have a successful restaurant in a busy metropolitan area. However, we’ve seen a drop off in year-over-year sales. We’re nervous about the economy and have considered selling the business. But this is the only business we know. Would you sell the business and start over in a new business, in a new area, in THIS economy?                                          
A.B. Fort Collins CO

Marc Charles:  

There are too many variables for me to comfortably recommend selling or keeping your business in this economy. You’ve seen a drop off in sales. I think the drop off will continue.

If we enter a full fledged depression the businesses with massive overhead, debt loads, and declining sales will be the first to go. I’m sorry to say but restaurants are always the hardest hit.

However, I took my kids and two of their friends to dinner recently at a fun family restaurant in Rockport Maine. The restaurant was packed to the gills! People were laughing (maybe quietly crying inside) and kids were playing video games in a small arcade, and running all over the place.

It seems restaurants with a passion for great service and reasonable prices often find a way to make money in difficult times.

Nine restaurants in the same geographic area (Midcoast Maine) have gone out of business the past 18 months.

I know you said your restaurant was successful but is it profitable? Is the overhead manageable? Do you own the property outright? If not, you may be headed for trouble.

The bad news is there are probably hundreds of restaurants (maybe a thousand) for sale in your city.  Will you be able to sell your restaurant? That is one question to ask yourself.

The good news is you can always start a business on the side and get it going until your restaurant is sold.

Another thing to consider is starting a restaurant in an area with fewer encumbrances and expenses….like small town America, the exurbs or even outside of the US. my experience, restaurants are not a good idea in most cases.  Most of us hate chain restaurants, and owner/chefs always criticize them. But the truth is chain operators (like Brinker International) know how to make money with restaurants....plain and simple.

I'm not recommending buying a franchise or chain restaurant. But rather we need to study and copy the "formula" they use to make boatloads of money. can have a successful restaurant, refuse to compromise (buy local organic food and produce for instance) and make a comfortable profit (as opposed to boatloads of money).

But, I still recommend watching and maybe even work in a wildly successful restaurant. Most of the people I know who have opened restaurant think they've got all the answers, and they feel they are "above" franchises and chains. But in MOST cases they have failed miserably.

I hope that helps.

Your humble host.........

Marc Charles

Friday, November 16, 2012

Freelance Heaven by Marc Charles

Freelance Heaven!

6:10 AM

Dear Entrepreneur:

I’ve made hundreds of thousands of dollars freelancing, so I know it works.

More important, I’ve helped thousands of people cash in on the freelance craze.

So believe me… CAN generate cash as freelancer….and its easier than you think. Got a full time job or another business? No problem, you can do this on the side.

I’ll give you the truth about freelancing so you can start making money in the next few hours or days.

The Truth About the Economy…..

The economy is in shambles, unemployment is still at historic highs.

The so-called “greatest companies of the new millennium” are laying off people in droves!

Companies like Yahoo!, AOL, Facebook, Google, and Cisco have quietly turned on the “layoff spigot” too.

But this is GREAT NEWS for freelance workers. I’m dead serious.

The world hasn’t ended just because a preacher said it would.

No sir.

We both know it’s pretty dismal… businesses are slashing debt, expenses and wasteful spending (i.e. lazy employees) like crazy.

But the world hasn’t ended and some businesses are growing like wildfire!

And many businesses, let’s say hundreds of thousands, have discovered the power of using freelance and contract workers.

We may discover this time will be referred to as the “Freelance Decade”.

This Is NOT a Good Time to Be Fired!

Last week S.E. invited me to lunch at a swanky seaside bistro.

He told me his job as a high-level graphic designer was coming to a close. Apparently his employer is bankrupt, and was closing up shop because no one would buy it.

“You warned me this would happen…..three years ago”, S.E. exclaimed.

He went on…. “This is NOT a good time to be fired. Geez, my wife’s at home with our baby all day…she can’t work outside the home”!

I said, “Hey, it’s not a big deal. I know you’re upset. But if you start thinking like a freelance expert rather than an employee you’ll be ahead of the game”.

“What’s more, your wife could grab a small freelance gig too if she has the time”, I added.

S.E. mumbled…. “I know you’ve mentioned freelancing before. But I don’t have time for little “side projects”. I need good paying projects NOW!”

“Okay”, I said. “Give me $500 and I’ll have three freelance projects for you by Monday (it was Thursday afternoon)”.

S.E. shot back, “$500? Is that your fee or what”?

“I want to see if you’re serious. Write me a check for $500. When you land the right freelance project I’ll give your money back”, I said smiling.

S.E. landed a freelance project the following Tuesday. It only took four days.

Here’s the Secret to Freelance Gigs…

If you type “freelance projects” into Google your head will be swimming in search results.

There are thousands of so-called freelance websites on the Internet. Most of them are designed to get YOUR money in the form of “membership fees” and other services.

Granted, there are a handful of freelance sites worth the money you spend on membership fees…I’ll show you the ones I like.

But you don’t have to succumb to the majority of BS freelance sites on the Internet.

When you’re done reading this week’s issue you’ll be able to can start landing “legitimate” freelance projects in record time.

I know what I’m talking about when it comes to freelancing. I’ve been doing it on one level or another for more than 30 years.

And get this….

I was approached by a senior TV executive to produce a “Freelance Channel”! Can you imagine? It might work…but I would focus on YouTube rather than TV.

I’m the “Go To Guy” when it comes to freelance work!

Welcome to “Freelance Heaven”…..

Take This Job and Shove It! 

E.J  worked for the largest insurance company in South Africa as a network “gopher”. 

He would “go for” things and perform mundane tasks for three senior managers.

One day, without warning, E.J. was fired….by email. He was devastated and humiliated. He was escorted from his desk, cardboard box in hand, out of the building and asked to leave company property.

The funny thing is….E.J. was a devoted employee. He didn’t break any laws, polices, procedures or screw anything up.

However….E.J. said he made a terrible mistake…and it was political.

E.J. started mocking senior management’s political affiliations and poked fun at them at a local company watering hole.

He violated the corporate cardinal sin: politics is everything.

Anyway, E.J. was referred to me by a goodfriend when he relocated to the US.

When I saw the depth of E.J’s expertise….and more than three pages of testimonials and referrals…..I suggested he start working as a freelance network administrator or security consultant. 

E.J. was not thrilled. He thought I was going to offer him a job.

On top of that, E.J. never worked for himself. He worked at the same company for ten years. So he was afraid to go out on his own (without a safety net or benefits).

I told him, “I know you’re nervous about going out on your own and working as a freelance contractor. But you can get a job and freelance on the side until the money convinces you”.
E.J was all ears now.

I showed him how and where to find clients immediately…as in hours or days not months or years.

In less than three months E.J was in business working fulltime as a freelance network administrator, and he quit so “secure” job.  Today E.J is turning clients away and focusing on the highest paying ones (his words not mine).

E.J. told me he’s making eight times as much as a freelancer than as an employee.

That’s what I’m talking about!

And get this……

E.J. was recently approached by insurance company in South Africa that fired him! He never responded to their call or email.

I've been freelancing in one capacity or another for more than 29 years. 

The opportunities are greater today than they ever were in 1982!

It’s no surprise…..the economy sucks. Most companies are firing NOT hiring people!

But, in all the desperation, uncertainty and calamity is opportunity. I’m not kidding!

Most companies and businesses may be firing people in droves but they still need certain tasks done…and they’re willing to pay for them.

Here some of the freelance opportunities in DEMAND right now:

Business development
All things Google (SEO, SEM, advertising, back-linking, etc)
Graphic design
Social Media Managers
Accounting and Finance
Network Administration and Security

Keep in mind….these are only the web-based freelance opportunities!

There are boatloads of “offline” freelance opportunities too; such as:
Medical and dental
Real estate
Hotels and resorts
Analysts & Accounting

There are just too many opportunities to list!

In this week’s issue I’ve included more than twenty resources to help you land a great freelance gig.

If you need more recommendations or “one-on-one” assistance, drop me a note. I’d love to hear from you!

Have fun and play nice.

This is the “Freelance Decade”!

Your humble host,

Marc Charles

(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)
*** Action Strategy ***
Start researching freelance opportunities!
Don’t put it off.
The truth is…….
Hundreds of thousands of people (probably millions) would love some freelance gigs…just like my friend in today’s article.
But something holds them back….or they’re too busy with other things.
At first, freelance projects won’t be handed to you on a silver platter.
Actually…..I take that back!
I’ve had freelance projects handed to me on a silver platter, without any effort. But that’s because I laid a foundation of contacts and I was ready to “receive” projects without hesitation.
Anyway….if freelance interests you then get crackin!
Set an objective to secure a freelance project in 7 days or less (then send me a note about your success)
**********Valuable Resources*************
FlexJobs (Excellent) (250+ cities, hundreds of freelance opportunities under Gigs category)
Monster Freelance
Post your freelance availability with these great tools:
Google AdWords (link keyword ads to your bio page or blog)
Yahoo! Small Business (keyword advertising)
ExactSeek (prepaid keyword advertising)
Monster (Advanced freelance search)
CareerBuilder (Advanced freelance search)
SmartHunt (Freelance & Contract section)
PaidContent (Freelance search)
Recommended Reading:
Get Clients Now by C.J. Hayden
Selling Your Services by Robert Bly