What if you wanted to start a business but just didnt have the necessary capital to get it off the ground? My friend and colleague, Karl Dakin of Dakin Capital Services, suggests that entrepreneurs begin looking at capital through a different lens. Following is Part I of a few tips: People - human resources are a capital asset in your business. The traditional model suggests that we raise money, hire employees and pay them. What if..... - You could get top talent at a lower price by offering equity in your company or sharing in future profits? - You could borrow employees from colleagues, just on a temporary basis? For instance, to set up your bookkeeping systems. - You could obtain volunteers from charitable organizations? - You offer internships? Colleges, universities and trade schools are always looking for opportunities to provide students with hands-on experience at below-market rates, or for free. Tomorrow well take a look at Equipment as a necessary capital asset.
Posted on: Mon, 19 May 2014 19:40:19 +0000
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