Investors
There
are many domain-specific ways to define investor, but for our small building
service business, a good definition is that an investor is any party
(individual or company) who makes an investment, usually by contributing money,
and receives a return on this investment. The term “investor” implies that a
party purchases and holds assets with the hope of achieving capital gains, not
just as a profession, but also for short- and long-term income. Getting an
investor who will be interested in your day-to-day start-up building service
business could be difficult unless the investor is someone you know on a
personal basis. Unless you can show that you make regular, large profits or own
some large assets, it will be difficult to find an investor or investment
company to help you expand, buy another successful cleaning business, or borrow
capital. Few investors will be interested, unless they think that they will be
able to get there money back and earn lots of money quickly by investing in
your company. On the other hand, remember that there are just as many investors
out there looking for good companies and people to invest in as there are
people looking for money to borrow. While you need them, they also need you, so
don’t give up.
In
this book, it is my goal to show you how to get your cleaning business started
using as little as $700 up to as much as $7,000, depending on where you want to
start and how fast you would like your business to grow during the first year.
I want you to start making your dirty millions soon. To do this, you must be
your first investor; you must reinvest your profits month in and month out. In
the beginning, this means putting most of your new contract cleaning earnings
back into the business to make it grow successfully during the first year. No
new car, house, boat, clothes, vacation, or long trips, will be bought with
this money; it belongs to your start-up business. Reinvest it in your business
and your business will give you two and three times more money because you will
be able to take larger jobs, and take more risks. However, if your plans are to
expand now, and you are looking at an investor or two, there are many people
you already know who could help you make your expansion a little easier, like
family members, friends, and associates.
When
you get established, are making a healthy profit each year, and need a larger
amount of money to expand your business, it will be time to look for an outside
investor. Stop in your local bookstore and buy a copy of the Internet Yellow
Pages, or visit Businessfinance.com, to look up a few good investors. You can
also read about the Wall Street investors in the Wall Street Journal daily news
paper; you will learn a lot from this type of reading. I have given you these
ideas now so that you can go to an investor later, when your business is strong
and you want to try out your new business ideas, but need some financial help
to do so. If, at that time, you need some extra money, or capital, to act on
your new business ideas, you will know where to find investors and what they
are looking for.
Note:
You can also
contact public trading investment companies to ask for there free quarterly/yearly
progress report information. This information will help you make an educated
decision when it comes to choosing the correct investor.
Once those cold calls and faxes start turning into jobs, it is time to get your building cleaning equipment in order so you can get started! You’re probably wondering what types of cleaning products you will need. Again, believe it or not, you may have most of the products you need to get started right in your own cleaning closet at home. That is just one reason you can begin a cleaning business with a small amount of money. It does not cost much initially, and once you have money coming in on a weekly or monthly basis, you can invest some of your income in more cleaning equipment and products.
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