Posts Tagged ‘Business Opportunity’
Starting Business with Own Money
After knowing wealth management, this time we will discuss about creating wealth. If we ask a broad audience, from which and the beginning of a big company to start business today, most people would answer from the bank. This opinion is wrong, because if reviewed deeper, turns out they started with their own money and loans from the people around him.
Some examples mentioned, Sam Walton, Wal-Mart founder, started his business by borrowing from his father-in-law of U.S. $ 20,000 and U.S. $ 5000 own funds to purchase a retail store in 1945. Now, Wal-Mart is the largest retailer in the world. In addition, Berry Gordy borrowed $ 800 from members of his family in 1959 to start a business in the music recording industry (music recording industry), and then to launch Motown records and developed into the largest company owned by blacks in the history of the United States.
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