Foreword
The OPM (Other People’s Money) strategy aid in getting business
started with fast start-up capital. Get all the info you need here.
The OPM Strategy
The fastest way to get a business started with other people's money
Synopsis
As goes with its name, getting business started with other people’s
money is what entrepreneurs do today to gain great success; it can be
hard to get resources other than that.
The Basics
Benefits of Using OPM:
1. OPM gives you freedom to do what you want; it allows you to
take part in deals of which your own resources may not be helpful.
2. OPM allows you to make your own choice, and do it.
3. OPM saves time - that means shorter time to develop a business
and run it well, rather than using your own financial support which
requires a longer period.
4. Potential of gaining wealth is no longer limited to your savings
and investments of profits made.
Where to Get OPM Resources:
1. Government grants. Getting help from government may not
require you to pay it back. Find out more information about it. Be
ready with all legal documents and a business plan, if you must.
2. Family and friends. Getting financial support from family and
friends may be the most convenient way. However, it may end up
being a success or a failure as well. Make it professional by
returning the money to them as soon as you gain profit.
3. Investors. Investors such as angel investors and venture
capitalists are willing to make high-risk investments, providing
they can foresee a great future and growth potential of your
business. Angel investors are generally wealthy and experienced,
and may be involved with your business.
Venture capitalists are
professional funders; they have no experience in your business and
may find more resources to support your business financially.
4. Crowd funding. Crowd funding involves a network of people,
generally through the internet, to pool their money together to
help one financially.
Crowd funding reaches a larger audience and
broader area to raise funds.
