What's new

Appropriate approach for business funding

Idea threads

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Robert07

PARKED
Joined
Nov 27, 2023
Messages
1
Rep Bank
$40
Hello Fastlaners,

Half a year ago I really started to reconsider my life path and my actions.
I’m 37 now, married, 2 kids, a “good job” as many can consider but I still feel that something is missing.
I’ve never been broke, I’ve always been on the safe side avoiding debts, loans. Instead I was focus on saving and in general careful with expenses. Slowlane life...
As I said, this year I took a turn, looking for a different direction. I've started to create a life philosophy, to set objectives/goals, to identify the gaps and starting to learn.
After several books about personal development and finance (J. Ron, T. Harv, D Carneige, R. Kyosaki, T Sowell, 80/20..etc), indeed,
I've learn some good stuff, but most of them seems to have the same content..
The millionaire Fastlane was a different approach that it's more fit to my style and philosophy. Unscripted the same. Perhaps "Unscripted " word used too many time in the first chapter but overall a damn good book.
Now I have a different approach about the problems and I'm having daily mindstorm sessions to come up with ideas to overcome problems and improve people's life.
I'm now quite advanced with an idea in which I strongly believe in but I'm in a situation where I need for some advices about which approach is most suitable for this case.
I cannot say at this point in time too many about idea but it will be a service through a mobile app that will be connected by big players from the market.
I have defined the business model, I found a name and a logo (available in TESS and WIPO but not registered yet), I've started the business plan and also requested some quotes from different
IT development companies for the mobile application development.

I have more variants in mind about financing of my idea therefore I'm asking about your opinion:

1) I can ask finance from different investors. I see some negative points here that I might loose the Commandment of Control and other can decide the trajectory of my service.
2) Goin directly to the "big players" to propose either a partnership either the selling of the idea with royalties paid per transaction. From marketing point of view they have access to a lot of customers and service can be deployed globally much faster.
3) I can get a bank loan to develop the service after that to launch it with the help of the "big players" where they will get royalties per transactions.
I'm open to ideas,
PS: sorry if my English is not that good (not my native language)
Thanks
Robert
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom