Do you have any advice on how to secure financial backing? —Anonymous by request
What kind of financial backing do you mean or think you need?
Because these aren’t the kind of businesses that you’re going to be able to find “financial backing” for.
The great thing about our kind of business is that while all businesses require at least some investment of time and money, it costs relatively little to start up an administrative support business.
Best to bootstrap, build up your own capital for launch, make use of whatever resources you already have, and be putting your business foundations solidly in place before launching.
If you’re still working, that’s a great time to do all of that.
Thanks, Danielle. I’m pretty much set up. I have my equipment and such. So perhaps I am good to go. I keep seeing websites, though, that state I need to have a mentor and that it costs X amount of dollars for their insight. So that’s why I was thinking that I need to get a fianancial backer. What do you think?
I think you’re good to go.
Business learning is something that will be ongoing throughout the life of your business. You’ll always be learning.
And no one is going to give you money to get mentored so it’s really a non-issue.
Beyond that, as far as mentors go, you find people to follow who make sense to you and take advantage of their at-large mentoring.
For example, the ACA website and my blog here are where I mentor the industry as a whole with my blog posts, resources, etc.
As you go along, that’s when you might find you need some some personal coaching/advising/guidance here and there when you get stuck, and then you just pay for that when/where/if you need it.