T. Harv Eker tells how a woman organized a festival with no budget by using creativity and negotiation instead of raising capital. He argues that throwing money at problems creates a cycle of needing more money. Bootstrap first, reinvest ticket revenue once it arrives.
She's putting on a festival. It's going to be hopefully a thousand people there. It's going to be an awesome festival. She's taking what she learned with us and it's going to be amazing. And here's the thing. No money. No money. She's putting no money. At this point, when money comes in from ticket sales, she'll start, you know, reinvesting that money into, you know, putting somewhere out there, etc. No money. She's worked for the last year with no money. None. Zero. Harv, how can you do that with creativity. See, money will never solve a problem. And if you start trying to solve problems with money, the answer will be to more problems. You'll need more money. Listen to what I'm telling you right now. Nobody tells you this anymore. Everybody's a raise. More money. Get financing, get investors. Put more in there, okay? That's how you go broke at the beginning. Here's what, here's the reality is if you throw money, that's your model, more money. It'll always be more money. But if your model is more creativity, more uniqueness, more hands on, more better negotiation, I'd love to have you, but we have a zero budget.
