SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Ordinary housewife makes $500,000+ a year in her spare time, using a simple idea, and her driveway!"

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old April 24, 2011, 06:24 PM
Ankesh's Avatar
Ankesh Ankesh is offline
Senior Member
 
Join Date: Sep 2006
Location: Mumbai, India
Posts: 687
Default How to obtain capital to start a business to get rich

So I just finished reading How to Get Rich by Felix Dennis. And it has this one story of how Felix starts his own comic magazine without much money - which is truly inspirational.

1. With his chutzpah, Felix convinces Bernie Simons - a young lawyer, to create a limited liability company for next to nothing. A grand sum of 20.

2. He then persuades his friend Dick Pountain to come on board as a co-director and production manager - for a very meager salary.

3. He then "liberates" 2 typewriters, some office furniture and a floor camera from the offices of OZ magazine - which was then winding down. He and Dick had met at the OZ magazine too.

4. Felix then sells one of the type writers to pay rent at a dump of a place for office space.

5. He then persuades his friend Richard Adams to design the letterheads for free - in the hopes that he would get more work if Felix succeeds.

6. A contact from OZ magazine agrees to print the letterheads for deferred payment.

7. Barclay's bank opens a company bank a/c for a deposit of 50.

8. Another contact from the OZ magazine - a distributor - Moore Harness - agrees to distribute the magazine - without even seeing it in print (how persuasive must Felix be to get them to agree to distribute without seeing the product?)

9. The content is not a problem as many comic illustrators don't expect to be paid right away - if at all.

10. The biggest stumbling block is who would print the comic magazines? Because Felix sure doesn't have the money to pay the printers a few thousand pounds. Here is where you can see Felix's creative genius at work. Felix persuades the distributor - Moore Harness - to write a letter to a particular printer. While the letter does not make an outright promise that the printers would be paid, it does promise that the printer would be the first one to be paid when the comic comes out. And Felix and his company would not see a dime until all of the printers dues are paid in full.

And that is how Felix Dennis hustled his way and published Cozmic Comics. Which led to creating a multi million dollar magazine empire.

The book review overall: its a good book. But the best part is his autobiographical stories. Lot of fun and truly inspirational. The how-to part is a bit long winded in some places. Good read over a weekend none-the-less. 7.5/10.
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

We've discussed EVENT marketing, here is an interesting one.
Why people hate selling (salesman) ... and an EFFECTIVE alternative to it, IS...
ADD or ADHD?? Here is one technique. A.I. I. P.
11 year old post. Good time to think about it.
Excrement! So said Herschell Gordon Lewis to us a few years back.

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Writer's Friend (software) | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 10:40 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.