Effective entrepreneurs think of the process of obtaining a loan as a sales job.

Question

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Effective entrepreneurs understand that in order to obtain a loan from a bank or other lending institution, they must sell themselves and their business idea to the lender. They must demonstrate that they have a solid business plan, a track record of success, and the ability to repay the loan on time. In this way, the process of obtaining a loan is much like a sales job, where the objective is to convince someone else to invest in your business.

Effective Entrepreneurs Think of the Process of Obtaining a Loan