October 24, 2007

You Can Do It Too!

This blog entry is dedicated to a good friend of mine, who is part of our current Capital Attraction Accelerator program. Gary has taken our program so that he can learn how to raise capital for his business after he strategizes on all the various ways that he needs to monetize his ideas. After taking the capital portion of the program, Gary called me and said that he wanted to confidentially reveal to me a concept that he's been working on.

We got together in person for a couple of hours, partly to socialize, but partly so he could reveal to me his idea. The idea was very sharp and like the concepts of many of our other program participants, Gary's idea was well thought out and exciting. Together we refined it and made it even more laser focused. But the important question that Gary had after learning all about the capital material that I had presented was "how can we make this material apply specifically to his situation?"

I gave Gary a variety of very specific suggestions. He wrote them down and took careful notes. He brought a Dictaphone and made recordings of his thoughts and impressions. He made a list of people that he could talk to about the concept so that he could go and ask them for capital. He wrote down ways that he might approach these people, and the type of pitch that he might put out so that they would be not only intrigued but motivated to move forward.

Three days later, Gary called me and told me that he had met with an investor who expressed a great deal of interest in his business. Now there were a few questions that needed to be answered. Gary and I discussed these at length. Gary then went back to the investor with the expectation of "closing the deal". Two days later, Gary called me again and he was jubilant.

He hadn't slept in a day and a half because he was so overjoyed with his own immediate success. The investor committed to writing a check to Gary for $50,000 to get the business off the ground. And then the investor would make another $50,000 available to Gary shortly thereafter if Gary chose to take the money.

The story about Gary is not isolated and it's not unique. It's the same success that we see over and over for entrepreneurs who take the time to be methodical and careful, to learn about how the money works, to learn about how the strategy works, and to learn about how investors think so that they can put the package together.

My congratulations go out to Gary. He has a great venture, and I wish him well as he moves forward. And now I tell you the same thing. You can do great - just go out and stake your claim.

About Joel G. Block

Well known in the business community, Joel Block is a best selling author, speaker, and business strategist. Frequently a principal in his transactions, Joel has raised tens of millions of equity dollars for his ventures, which have included real estate syndications and privately held businesses.

Joel’s career is highlighted by the launch of a financial publishing company which he grew nationwide and later sold to the Los Angeles Times. More recently, Joel works with scientists, engineers, technologists and others to help them optimize their entrepreneurial opportunities. Would you like to get a private phone consultation with Joel? Visit www.joelblock.com/capital for details.

Go Out And Stake Your Claim!