Archive for May 24th, 2011
Business Cash Advance
I have done my engineering from a very prestigious institute of California. But I did not have any interest in doing job for any organisation. I always think to go for entrepreneurship. I had many ideas but the main problem was lack of funds. So I decided to search for a guy who also has same thinking as I have, and within a week I met with a guy who also has interest to open his own organisation. I had an idea to open a robotic industry, since very few industries are having robotic facility; we decided to go with this idea. We met with our senior for further guidance and he told us that in most of the business dealings, big organisations will try to give payment after completion of project, but you need to take business cash advance so that you will not have any problem of funds during project. Since you cannot give any harm to big fishes of corporate world, what if you don’t take business cash advance and later on they deny taking your robot. He told us many business formulae and we came to our hostel back and made total plan that how we will charge the business cash advance. I thought that there must be a proper planning and there is need to make strict rules to decide and charge business cash advance. Our senior has rightly said, we can’t give harm to bigger organisation so for the security purpose, before putting in huge investment, we will take business cash advance according to intensity of the project.