Last week's message on raising money looked at the power of thinking big. Today we see why we should also think small at the same time.
To review last week's message on raising money abroad go to https://www.garyascott.com/archives/2003/06/05/839/
My reply to a reader's question provides an important thought about raising money and keeping things small when an International eClub member wrote this to me:
"Hi, Gary. You don't know me but I had the pleasure of reading your book,
International Business Made EZ. It's a great book. Let me get the point,
you see Gary I worked for a major utility company for 19 years, and thought
I had it made living from paycheck to paycheck and then the company decided
to change, you've heard the stories downsizing.
"So here I am no money saved and no income coming in, I know you deal with
big time guys but maybe you can use me as a project. Is it possible for a
guy like me at the bottom to one day experience riches? I believe I can
with a little help. Gary I've never reached out before but when I read your
book I felt your energy and it felt good.
"If I don't hear from you that's OK, God Bless and Peace"
My reply was short and sweet as are most powerful messages (and I hope this message was powerful for this reader). Here is what I wrote.
"Dear AH, I am about to conduct a course on how to have your own business
(for details go to https://www.garyascott.com/courses/ ) and one of the key
themes in this course is that is not only possible but necessary to start
This seems simple but when I originally conducted this course and then
looked at the reviews, I was astounded by how many of the delegates
stressed the importance of understanding this fact.
For example, one very successful businessman from Georgia who attended the
"The course was excellent covering all the facets of publishing. The
philosophy of keeping small with no employees alone made the course
invaluable. Gary and Merri you were excellent!"
A housewife from Washington who attended said:
"The idea of starting at the lowest cost level was terrific."
And an M.D. who came to the course to create an alternate source of income sent me this message:
"The course helped me in three ways:
"To realize that it is not only OK but preferable to start small. A small
point but with big implications was Merri's description of how she is going
to make Gary an expert in the sport's field
I feel I have a workable program to have a newsletter-my own passion!"
We are so bombarded every day, in the news, on TV, in every walk of life, with so many images of big business, that we often have a distorted picture of what wealth and making money are about. The strength of an economy is not in the huge multi-nationals, but in small businesses. Most of us can make more money in a small business than in any other way. In fact the book, “The Millionaire Mind” shows that small businesses made more than twice as many millionaires as any other occupation.
Merri and I are examples of this. We have made millions and have become multi-millionaires though we have no employees. Until we moved to the farm here and built a seminar hall which we also use for an office we always worked from a bedroom in our house.
Jesus Christ was clear, “The meek shall inherit the earth”. This vital message is true in business as well as other aspects of life.
Capital is never a problem in business. Lack of ideas, willingness to serve, imagination, perseverance and love of what you are doing, not money are what stop financial success. Don't look at your lay-off as a problem. See the fact that this has opened new paths for you to travel. Look at your passions. This is where you'll find the keys for your success.”
This message should apply to every businessperson who is interested in raising money abroad or anywhere. Focus first on willingness to serve, imagination and doing what you love. Then look at ways to get the finance. Shoot for the stars by all means. Be willing to ask for large amounts. But be able to kick-start the business on next to nothing as well. In this way whatever your circumstances you can get your business going, which is always the most important step.
Until next message, good business to you!