Paperback: 288 pages
Publisher: Atlantic Publishing Group Inc. (2010)
Language: English
ISBN-10: 1601382146
ISBN-13: 978-1601382146
Product Dimensions: 5.9 x 0.8 x 8.9 inches
Shipping Weight: 12.8 ounces (View shipping rates and policies)
Average Customer Review: 3.8 out of 5 stars See all reviews (9 customer reviews)
Best Sellers Rank: #687,400 in Books (See Top 100 in Books) #120 in Books > Business & Money > Finance > Corporate Finance > Venture Capital #865 in Books > Business & Money > Small Business & Entrepreneurship > New Business Enterprises #1622 in Books > Business & Money > Investing > Introduction
The true success of any entrepreneur is how effectively they use other people's money to best leverage their strategy. It is often considered the way to wealth, and many entrepreneurs use it effectively to propel their wealth. The author talks about the mistakes she made in her own business. Number one was not taking a salary for herself in her business; secondly, she was unrealistic about asking for enough additional working capital for projects. Minimizing doesn't get you to your goals! But she loudly and clearly identifies her biggest mistake as not starting her own business with other people's money.This book will help you focus your opportunities. It will help you take advantage of your options that will build immediate wealth. With the downsizing in corporate America, many individuals have gone off to form their own businesses-some successfully and some not. What are some caveats that you need to learn to best launch your ship?The chapters give you insight into moguls that have successfully used OPM like Warren Buffett, Donald Trump, and Bill Gates. She provides interesting case studies from a broad spectrum of service and industrial businesses that were started using OPM. These case studies are insightful and motivating. It's not only important to have an idea, but to know how to get that vision into reality.She discusses other sources of OPM other than lending institutions or venture capitalists. She gives you plenty of options.Desiree Smith-Daughety discusses the benefits as well as pitfalls of using OPM, and how to plan and prepare for the "Shark Tank"-those that fund you.Of critical importance and interest in this resource is in securing the OPM. What is the interview process like, how can you best negotiate your deal?
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