OUT WITH LETTERS OF CREDIT; IN WITH CREDIT INSURANCE

There is a new kid on the block. In fact there are so many new kids on the block they’re savagely fighting each other for your business. Remember the good old days when if you wanted to export your product overseas, your customer had to provide you with a bank Letter of Credit so you [...]

SAFE AT LAST

Terrorists are more with us than we realize. Not because of their presence. But because of our fear of them. Imagine the leverage? Do something once to a relative few. Have the enemy institute costly defenses for their masses which continue to consume vast amounts of their resources for decades.   I spent about 4 [...]

MY ATTORNEY IS RICHER THAN YOUR ATTORNEY

A recent Bizar Financing member recently asked, "What advice can you offer in ways to get professional representation without the typical retainer fees up-front, instead paying all of the associated costs at the closing table?"   The vast majority of professionals are accustomed to payment based on their time, regardless of results. This includes attorneys, [...]

WHAT TO DO WHEN SOMEONE CUTS OFF YOUR WATER

Nothing will beat you faster than your own resignation that nothing can be done. The onset of hopelessness, a sense that you are powerless against forces you cannot even influence, becomes self-fulfilling prophecy.   I recently met some farmers from Australia that felt just such a sense of hopelessness where their very survival was being [...]

Crippled Buyers Means Desperate Sellers

I recently received the "Financial Meltdown" related question below from a Bizar Financing graduate. It is followed by my answer. Q. With the massive changes in the banking and credit industry, will it be possible to get bank financing with no cash out of pocket? A. It's a good bet that it will be more [...]

OUNCE OF PREVENTION Vs. WORTHLESS CURE

One day, the owner of a year old call center business walked into his office. For now we will call him John.   John's employees are gone. His computers are gone. His files are gone. His phone equipment is gone. Half of his furniture is gone.   After a day or two of sleuthing, John [...]

Start a Business – Raise $1,000,000 Full Funding from No Investors

A new promoter, who is a Bizar Financing graduate, took over the race event and called me with the following challenge: he needed $500,000 immediately from an investor to cover the upfront expenses to promote the race and to cover additional expenses until revenues from the event kicked in. The bad news here is that [...]

THE ART OF REFERRAL – MASTER IT OR WITHER

Do you know the difference between a consultant and a business buyer? A consultant knows 101 ways to buy a business and arrange funding but doesn’t know any sellers. For as long as I have been training people how to buy businesses, I am continually surprised at how many get stuck on the very first [...]

MANAGING THE ANGER OF OTHERS

A person walks up to the counter at a fast food restaurant and places their order. The cashier rings up the proper amount. However, he shorts the customer $5 in change. The customer holds up their hand and asks the cashier… “Where’s the rest of my change?”   The cashier, with a confused look on his [...]

IN BUSINESS – WHAT YOU DON’T KNOW CAN HURT YOU

If you are reading this blog, it’s probably because you’re entrepreneurial and looking for information to build a successful business. So, the next paragraph may seem like a detour but allow me to assure you it’s not. A friend of yours is tired of renting a room in someone else’s house and decides to build [...]