INC 500/5000 CEO’s-How they did it

outsourcing telemarketing  and sales

INC 500/5000 CEO's-How they did it | Outsourcing Telemarketing Tips and News

INC 500/5000 CEO's were asked how they did it. How did they finance their growth. The breakdown:

  • Personal Savings 21%
  • Friends and Family 22%
  • Credit Lines 14%
  • Venture Capital 13%
  • SBA Loans 6%
  • Bank Loans 4%

Interesting note-Only 14% of the fastest growing companies got or took VC money. The vast majority of the funding was personally guaranteed. Friends, Family, Credit and Loans are all secured, at least initially, through personal guarantees. Lesson learned- put it all on the line. Risk taking is the key.

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