YOUR MENTORING SPOT IS WAITING FOR YOU… NOW IT'S TIME TO GET RESOURCEFUL!
HERE IS A LIST OF CREATIVE IDEAS AND FINANCING OPTIONS THAT OUR CLIENTS HAVE USED TO DRAMATICALLY BOOST THEIR IMPACT AND INCOME IN OUR MENTORING PROGRAMS…
Credit or debit cards
Combination of credit or debit cards (we have had clients use 4 different credit cards to enroll)
Emergency credit cards (you know, the one hidden in that secret drawer)
Paper checks issued from your credit card company with 0% interest and 6-month+ terms
Savings account
IRAs or Retirement accounts
PayPal balance (I know I find money in there all of the time that I didn’t realize I had)
Having friends and family invest in you (several of our clients have gone this route… and I really mean invest. Pay them back with interest. Few people can refuse 10% interest as a return on investment)
Going online to apply for low intro rate credit cards; searching “Easy to get credit cards bad credit”
Crowdfunding
Tapping into an unused home equity line of credit
Business loan
Selling off useless/old things on eBay or Craigslist (clients have sold jewelry, engagement rings, horse trailers…you name it!)
Collecting debt from family, friends
Throw a fundraiser! Have friends donate art/ crafts/ things they are ready to part with and have a fundraiser. Better yet, make it an auction!
Check micro-lenders and web-based lenders. There are several non-bank lenders on the Internet that now offer micro-loans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus, which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. Here are a handful to look into:
32. Look into city, county, state, and federal grant programs for workforce training, economic development, workforce development, entrepreneurial training (or re-training) - We've had clients successfully obtain anywhere from 50% - 90% - 100% of their mentoring fee funded from these sources! A small deposit with us holds your spot until this funding comes through (often in a few short weeks.)
