When I began studying marketing, the key part that stuck with me was the fact that many small companies which went bust overnight, did so because they could not afford to keep up with paying back massive bank loans. The banks lend you money if your business plan looks impressive, but they are not investing in you only a concept!
A business plan is what it simply is as described. It is nothing more than a projecting chart of how much money you would like to achieve in a certain amount of time. In other words; it is nothing more than economic fortune-telling.
Let us explore little deeper. A business plan is only an act of confidence based on your future projections, and how you think your products or services will do. The banks are not interested in whether the goals are realistic in practice, because from the start; they will make their money whether you break even or go bust.
BBC The Dragons Den Model
Many entrepreneurs have appeared on the BBC programme: ‘The Dragon’s Den.’ All looking for investment, using their charms to lull the dragons with their excellent business plans. And usually they end up getting the investment they wanted based on their well presented business plan. However, when you go on Google, you find tons of pages of these investment that the dragons have made, which all failed to make any money!
What is interesting is that some of the entrepreneurs with the worse business plans, who failed to get an investment from the dragons, ended up being over night millionaires! The lesson to be learnt here is that: a good business plan does not mean you will be successful, and make tons of money. It simply means you know how to play the game! Some people are good at passing exams, but in the workplace, are useless at doing their jobs.
So hence, you have a brilliant business plan and loan from the bank, but your business folds within 18 months because you are paying it back, and just about not going into the red. This is the real world no one is talking about. The news we watch on our television screen seldom goes into the real reasons why so many small businesses are failing. Many are folding because they cannot afford to pay back the business loans.
Powerful Business Motivation and Inspiring True Stories
Well, what the banks doesn’t want you to know is that you can start up a business. You can start up a successful one without putting yourself at the mercy of these bankers. In future blogs; I will continue to empower small people like ourselves on how to become successful, without being minted with money.
There are people who started off with £50 to their names and now are self-made millionaires to this day! There are people who were homeless, having no roof over their heads, but now live in mansions! You cannot get lower in life than sleeping out in the rain on street corners, yet managed to sort yourself out… without even a business plan or bank loan! But many have done it!
The secret is you have to want it badly enough. When you have no money in your pocket you learn to adapt to your circumstances, and in the most powerful uplifting stories in the book:
‘How to Plan a Successful Life.,’ You will read about rags to riches and real people who were down on their luck and turns things around. So be inspired today!
You will feel empowered and ready to take on the world. I can guarantee you that each page you turn will motivate you; with real life stories.
All you need is to believe in you! The banks don’t know who you are as all they see is a chart, but you are more than that! You know your worth! And only then can you ignite that fire to start up your business, and make it a success.
‘How to Plan a Successful Life,’ is not only practical but full of inspiring hearty warming stories to let you know that you are not alone! You also can be what you want to be in life!
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