Any business starts with an idea that you act on, but you have to be very clear about things. Ask yourself and answer in this order: Why, What, When, Who and only then… How?
That’s what investor J. Massey, CEO and Founder of Cash Flow Diary, talks about in this short video. He also discusses how to take your message and goals to investors who will back your idea with his/her cash and/or credit. Where do you meet these individuals? Anywhere and everywhere you go.
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Hi, Jay Massey here, with the CashFlowDiary.com and in this video I’m going to explain how you can start a business with no capital in two minutes or less.
Now I strongly believe that if you answer five questions and only five, you can start a business. Those five questions in this order or :
If you want to start a business with no capital that's completely fine. However your business does need capital that's just not yours. What you have to focus on is WHY you want to be in business. And then you've got to learn to take this WHY to this other person over here who's going to be called your investor and help them understand your WHY, and you hope that they resonate with the same why. They want to serve the same person and you then explain WHAT it is that you want to do buy WHEN with WHO and HOW, and maybe, just maybe they'll be willing to back your play with their money.
One of the best places to do this that I found has been in the real-estate world.
Because it's really clear all of these questions for the most part.
WHY do people need a place to stay?
Well that's obvious and many people resonate this.
WHAT are you going to do?
We're going to provide clean safe affordable housing.
WHEN you're going to do that?
Well, I have this contract here that says “I gotta do in the next 30 days when escrow needs to be closed.”
Well WHO's going to do it?
Well, we got the title officer and the property manager, all those other things.
HOW is that going to be executed? Where we're going to follow? What do they say?
And here's this account is going to keep track of all these things etc.
Once you answer these five questions but focus on the why and communicate that with your investor you have the ability to go hot there and build a business in real estate investing or any other place that you'd want to as large as you can imagine.
Thanks for watching.
To get started building your business specifically in real estate investing here's what I want you to do. Click the link right here. It's going to take you to a page where I'm going to teach you the most 10 basic words that you can use right now to begin to build your businesses by finding all of the buyers, sellers, as well as investors you need in your marketplace,
If you're on a mobile device go ahead and click the first link in the description below, and it’s going to take to the very same page. And also remember, hit “subscribe”. If you like the information that you just received in this video, give us thumbs up, go ahead and click like.
If you’ we got some additional questions – I would love to answer them – go ahead and comment below.
I look forward to talking to you soon.
Until next time.