Financing Your New Business
By Ty Freyvogel
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About this ebook
Financing Your New Business is an eBook for people planning to start a new business. Author Ty Freyvogel is a veteran entrepreneur who founded and managed more than a dozen small and million dollar businesses throughout his career. This eBook offers experienced observations thoughtful insights to help readers avoid making unnecessary, costly mistakes! It’s like having a personal mentor to guide you along the way as you face the challenges of starting a new business.
Are you thinking of starting your own business? Perhaps you’re approaching retirement and looking for a way to keep active and supplement your retirement income. Or maybe you’ve been recently downsized and you’re looking for a way to get back on your feet by working for yourself. Maybe think you can turn an idea into a great business. If so, you’re in very good company!
Many thousands of people would like to start a business these days, but the challenges and hurdles can be overwhelming! To successfully start a business you have to think about challenges such as financing, marketing, planning, selling, hiring, taxes, and legal issues. And that’s just for starters!
Featuring: It’s All in Your Head; How to Appeal to Angel Investors; The Ins and Outs of Partnerhood; Keeping Up the Flow; Organizing Your Finances; Change how you think about money; Opportunities Galore.
Ty Freyvogel
Ty Freyvogel is a visionary entrepreneur, author and small business mentor. Over the course of nearly four decades he has started and operated more than a dozen small and million-dollar businesses. He is currently President of Freyvogel Technologies, a provider of energy, telecommunications and security services. An early pioneer in the franchise industry, Ty grew a small weight loss center into a thriving chain of 24 units across three states. At that time he was one of the largest franchisees of the NutriSystem weight loss centers in the nation. His present company, Freyvogel Technologies, has been providing technical services to clients for the past 35 years. Ty is a frequently sought out as a speaker, coach and mentor on the subject of small business startups. He is the author of three books on business and recently published The Small Business Startup Series, six ebooks that offer beginning entrepreneurs insights into how to plan, organize and grow a small business. Ty has priced the books in this series at just 99 cents each to help as many budding entrepreneurs as possible.
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Financing Your New Business - Ty Freyvogel
Disclaimer
This book is presented to the reader solely for informational purposes. The author and publisher are not offering it as legal, accounting or other professional services advice. While best efforts have been used in preparing this book, the author and publisher make no representations or warranties of any kind and assume no liabilities of any kind with respect to the accuracy or completeness of the contents and specifically disclaim any implied warranties of merchantability or fitness of use for a particular purpose. Neither the author nor the publisher shall be held liable or responsible to any person or entity with respect to any loss or incidental or consequential damages caused, or alleged to have been caused, directly or indirectly, by the information contained herein. Readers should always seek the services of a competent professional before undertaking any new business venture or making any key decisions.
CHAPTER 1
It’s All in Your Head
The business world is a scary place, no doubt about it. As an entrepreneur you are going to encounter all kinds of obstacles as you carve out your career—it’s just the nature of the craft. No one is going to part the sea for you or make your way smooth and easy, so, inevitably, problems will arise. That’s why now is the time to acquire the unlikely skill that will actually create a profound impact on your success in business…positive thinking.
Before you gag from all the sappy connotations these two words imply, keep reading. Positive thinking goes beyond clichés and fluffed up ideals about looking on the bright side
or making lemonade when life hands you lemons.
The truth is that the way you think about yourself, your ideas, and your abilities as an entrepreneur have a direct effect not only on your personal well-being, but upon your financial success and stability as well. Here’s how to change your thinking and drastically improve your career along the way.
Believe in yourself. We mold our lives by the way we interpret the events that happen to us. Your reaction to these good and bad events are already engrained into your psyche, and chances are, if you are dealing with the things you view as negative in a self-destructive manner, you already know it. Consider how you react when something moderately bad happens in your world. If you’re like most people, you become upset, angry even, and a multitude of physiological changes take place in your body: sweating, increased blood pressure, and overall muscular tension, to name just a few.
Interestingly, these physical symptoms indicate that in the event of something unwanted or unplanned, you literally begin to shut down your own body. Doesn’t this speak volumes about the self-destructive nature of negative thought patterns? If your own body listens to your negative thoughts and impressions so loyally, imagine what the rest of the world hears! Hopefully this illustration explains how important your reactions become in the scheme of your success. If you don’t believe you are a competent and worthy businessperson—and believe it with your whole mind, heart, and body—no one else will either.
Take the optimistic approach. Positive thought is also known as optimism. It is all in the way you interpret your life and its events. If you view the world as a dangerous and terrifying place, you’ll likely stay locked up safe in your home when you could be out experiencing life’s challenges and joys. Fear will shut you in. But if you choose to perceive the planet as an interactive classroom, you will recognize all of the untapped opportunity and energy floating around waiting to be claimed by someone brave enough to