Studies commonly find lack of capital as one of the persistent reasons for the failure of many small businesses. Small and home-based business owners simply do not have the resources and capital needed to keep their businesses alive and grow. So what can a small business owner do?
According to the latest book in the popular Rich Dad’s Advisors® series, the solution is to use OPM! Entitled “Rich Dad’s Advisors®: OPM (Other People’s Money): How to Attract Other People’s Money for Your Investments-the Ultimate Leverage”, the book is an interesting read on how to use OPM or Other People’s Money to jumpstart an income-generating venture. According to the book, “The basic concept of OPM is simple: You (as an individual or business entity) acquire or build income-producing assets—your business—by using money from sources other than your own.”
