Starting a Business isn’t Easy
November 20, 2008 by ShannonCherry
Filed under Business
With a recession in full swing, I’m getting a TON of spam about how easy it is to start a busy and make tons of money.
Perhaps you are getting more than a few too?
It makes sense, as jobs dwindle and people become fearful, many preditors are jumping on board saying how easy it is to make money as a small business owner.
I’m here to tell you, it’s not.
I lnow people will say that you can get a loan or even an angel investor. But most people get their initial nest egg from F & F, that is, friends and family. Then, and only then, do a few angel investors step up.
But unlike most F & Fs, they will want to see the goods: you need to have a strong profile, show that your company is viable – and have an exit strategy all in place. (Read: you need to start your startup before an angel will take a look!)
One I’m see a lot is the “SEO consultant”, pay us a fee and we’ll build a page with loads of links to your site, you agree to link to our site on all your pages and presto, “guarantees to get your website listed on Page 1 of Google” – from the email.
Far better to build a business through added value and satisfied customers, works at any point of the economic cycle.
Hi Shannon,
yes you are right about people being sucked in to easy money scams, there is no such thing as easy money and i should know i have wasted enough finding out!
As for getting funding that gets harder every week and investors need more evidence and convincing than ever before. My advice is find something you enjoy and work hard at it.