Leo Kanell

Category: American Dream

  • The New American Dream

    The New American Dream

    Decades ago, the American dream was to get to the middle class, have a good job, build up some retirement and the crowning achievement was to own your own property and home.  In the 1700’s and 1800’s, the dream was to have your own land that you could work, build up some crops, become self sufficient and raise a good family.  For millions of immigrants leaving Europe and other parts of the world this was so much more than they could hope for when compared to the feudal system type life in their own country.

    Fast forward a few decades and owning your home is  far from the American dream, in fact owning a home is not really the investment that so many believe it is.  If you pay cash for your home, you may feel great about owning your home free and clear, on the other hand if you were making 10% on that same money then you’d actually be making real progress and position yourself to build wealth and in that same time you’d “own your home free and clear,” then you’d be in a position to own 3 to 4 homes of the same value, that is the power of compounding investment income.

    So stop doing something you hate, quit that job, and take action, the first step is to become an expert in a field that you know well and can provide a unique product or service for.  Avoid trying to start a business or venture in an area that you do not have strong expertise in.  One of the biggest mistakes I see is when people go start a restaurant and they have absolutely no experience in the realities of the restaurant industry.

    All that said, it is not necessary to be the main business owner, maybe you should partner up with someone who brings different strengths and skills to the table or sometimes it is better to find an opportunity that you can join up in within the confines of a new startup and grow with that business.  Bottom line, get started now and build your business or join a new business now!

  • Harness the Power of the Business Funding Formula

    Harness the Power of the Business Funding Formula

    You’re an Entrepreneur or aspiring entrepreneur and you understand that at some point, especially at the beginning or at key points during your entrepreneurial journey, you will need funding to jump start your business.  Access to money to jump-start your business is an opportunity, so I’m telling you there’s a chance when you discover the formula that will lead you to the funding you need.  Knowing about something and being able to actually do it are 2 Different things.  We might think, oh I will simply go to my bank, grab venture capital or crowdfund my way to success.  Talking about it, knowing about and actually understanding how to execute funding to success is different.

    The business funding formula is the holy grail for jump starting your business.  So many ivy league studies show that one of the top reasons businesses fail is lack of capital or funding.  Doesn’t matter what business you are in, what business model you have, you need capital.  Even a lemonade stand needs the table, the lemonade, the cups, the sugar, the signs to get going.  The BFF allows you to get the things your business needs like inventory, a new website, office location, money for marketing and the ability to hire staff.  This is not get rich quick just because you got access to affordable funding.  You need to focus on generating revenues and selling your product or service, but the BFF can open the door.

    This is not buying a shelf corporation or spending 12 months building business credit to get a 1k Staples card, this is real world cash funding strategies that you can use to fund your business now.  Is Venture Capital or CrowdFunding an Option?  Both venture capital and crowdfunding Fund less than 1% of businesses, even with those 2 funding options, you often face additional hurdles that require additional capital beyond vc and crowdfunding if you are fortunate to be in the small 2 to 3% of businesses that get vc money.

    What about my local Bank.  Tell most businesses no because most don’t show profits on paper and startups forget about it.  What about the SBA programs?  They all need 2 years of profitable business tax returns or collateral.  Securing Funding for an existing business and especially a new business is difficult.    Lending Before the Great Recession vs Biz Lending Now is completely different, the funding landscape is much more stringent.  Learn the Business Funding Formula, it’s is a skill that you can and Must Learn.  Harness the power of the business funding formula by SIMPLY Clicking Here to Apply for Funding and get qualified in minutes..