How do you stay motivated and focused during the capital-raising process?
Starting off on the path to getting money for your projects can be tough but rewarding. To do it well, you need to have a clear plan and the right attitude. Here are some important things to keep in mind when trying to raise capital: 1. Stay motivated and focused during the capital-raising process by understanding that the biggest businesses in the world know how to raise capital to buy assets. - This means you should stay determined and focused on your goal of getting money for your projects. Remember, even big companies had to figure out how to get money to grow. 2. Remember that the goal is to learn how to structure things that compound for you rather than against you. - This means you want to set things up in a way that helps you grow your money over time, instead of making things harder for yourself. 3. Use the FTM system (follow the money system) which includes finding people with money, packaging your offer, and launching your fund. - The FTM system is a way to organize your approach to getting money. It involves finding people who have money to invest, making your project look appealing, and then officially starting your fundraising. 4. Set a specific goal for how much capital you want to raise in the next 12 months and make it a priority. - It's important to decide how much money you need to raise in the next year and focus on reaching that goal. 5. Understand that potential investors want a guaranteed effort from you, so demonstrate your commitment and mindset during the process. - People who might invest in your project want to see that you're serious about making it work. Show them you're committed and have a positive attitude. 6. Embrace the mindset that good businesses are built during good times, but great opportunities are realized during tough times. - Remember, even when things are tough, there are still opportunities to make your project successful. Stay positive and keep looking for ways to make it work.