The Small Business Administration estimates that 50% of small businesses fail within the first five years. There can be a number of reasons why businesses fail in the first year, ranging from a lack of experience in the industry to poor location of the business. However, the number one reason that businesses fail is due to under-capitalization. To build and grow a business or to invest into anything requires capital. In other words, the business didn’t have enough money to grow and operate.
Any business requires capital to get it off the ground and for it to continue to grow. Any investment that you make requires capital. The understanding of how to access capital is therefore critical to creating wealth. You could even say that knowing how to acquire financial resources is a multiplier to your ability to creating wealth.
The greater your ability to access money, the greater your ability to create wealth.
When you master the knowledge of how to access capital, the world opens up to you in ways you never thought possible. If you make getting access to capital a priority for you to master then you will never have to worry about money again. Why? Because you will be a master at getting more! Businesses come and go, life happens and you could lose everything. However, if you are a master at acquiring financial resources you can always rebuild and nothing will be able to stop you.
The knowledge on how to acquire it is where most people fail. I have met so many people who attend countless seminars, have read numerous books on wealth yet still don’t feel they are where they should be or want to be. The biggest mistake wealth builders make is failing to understand how money is created and how to acquire it for themselves. I can’t stress enough how important knowledge is in this process.
An English Philosopher from the 16th century, Sir Francis Bacon, famously quoted “Knowledge is Power” and “Knowledge and human power are synonymous”.
Through my Millionaire Credit Coaching program, I can give you the knowledge you need to acquire the capital you need to go from broke to millionaire in less than 2 years! Further information can be found on my website http://www.creditlinemillionaire.com