Five Simple Ways Serious Entrepreneurs Stop Wasting Seed Capital!
So “how” long have you been sacrificing and denying yourself, in order to scrape together some sort of seed capital? Entrepreneur, you’ve systematically put yourself through the ringer on the one hand, and yet on the other here you are practically giving your hard earned seed capital way for practically a song! How so you ask? Easy. You’re not paying attention to “how” your local neighborhood bank is systematically chipping away at your hard fought nest egg, by routinely charging you (at least) five different (totally) avoidable fees of some kind.
How To Stop Giving Your Hard Fought Seed Capital Away!
(Five Simple Things You Can And Should Do Right Now So You Consistently Get More Out Of Your Local Banking Experience!
Instead Of The Other Way Around!)
Entrepreneur, of course you are smart to have some of your all important seed capital in a local bank or financial institution or two. However, that’s where if you’re not careful, your financial intelligence gets the best of you! Because it’s just so darn easy to put things in place locally and kinda forget about them.
For ex; take a look at these five incredibly simple ways, you can avoid losing some of your (vitally important) seed capital, to some totally unnecessary banking fees.
1.) Anytime you let your minimum balance fall below a certain balance for any extended period of time. Guess what? Your bank (and or) financial institution will take that the opportunity to (legally) charge you and I with some sort processing fee!
And boy do they add up (quickly) over time!(Which means less online profits!)
2.) Next, “how” many times have you received some sort snail mail legal eagle from (either) your bank or other local financial institution , and instead of actually taking the time to read it! It simply gets round filed!
And of course hidden in all the legal paper work, is their disclosure of “how” much they are legally entitled to take from you/us!
3.) Make sure you’re not being too smart by having some of your money spread out in too many different local banks. Because all those different fees can and will add up!
4.) Be extra cautious, anytime you rush to open any type of money market fund, in order to take advantage of their temporarily high introductory interest rate and then exceed their stated number of withdrawals. They’ll getcha with yet another fee!’
Further eroding you’re all important seed capital.
5.) And finally, entrepreneur (please) be advised that anytime you use a local ATM machine that’s outside your banks network. It’s very possible (both) the bank whose ATM machine your using will charge you a fee, plus your actual bank may charge you an additional processing fee, for using an ATM machine outside of their network!
Of course, on the surface these rather small incremental fees, seem insignificant. But over time, if you don’t stay on top of things, they can and will add up! And that’s “why” you definitely need to pay attention to them. So you stop wasting your precious seed capital. Any questions?
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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