6 Kinds of Capitalism

who value their own talent and skills and intellect. It was outraged because they said, what is this star doing paying us broke wages or low wages? She's a star. How dare her pay us five hundred dollars a week to be her personal assistant? What is my advice there? My advice is that you're going to go broke. Now,

my observation is you're going to go broke. First of all, five hundred dollars a week if you're twenty two years old and you've not yet stepped into mortgages and car notes and insurance and all of the obligations that an adult children and household expenses, marriage, all these expenses that

comes with being further on in your career. If you're somewhere between eighteen and twenty five years old, is the perfect job for you, and five hundred dollars a week is actually very good money, particularly if she pays you as a ten ninety nine employee versus a W two employee. Do you know the difference. Ten ninety nine is a contract employee, right, and a W two employee is an employee on someone's payroll where they take out.

I wanted to be in the environment. If somebody can pay you top dollar, then they want top dollar talent who's already got.

I said it. I would do it for free, or I would do it for the least amount that I could survive on and still move forward. In fact that I have done exactly that in my life. But to be before I get to that example, let me just

be very clear. In this example, I think that people who are crying and screaming and hollering and complaining and even criticizing this rapper Gorilla, I can't believe I'm saying this is a name, but you know, hey, whatever works because she wants to pay five hundred dollars a week. You're just living in another universe and you live in fantasyland, and it's not going to last. You need to under understand how this world really works. When I was coming up,

I had didn't have many jobs. I worked for myself most of the time, but I worked for a guy named Harvey Baskin who owns Jeoffrey Restaurant. Jeffrey's Restaurant in Malibu was still there, and I worked as a bus boy and then as a waiter, and then as his personal assistant, making a whopping twenty thousand dollars a year and having to drive from Compton, California to Malibu. I've burned up most of my income in gas and car notes.

But the experience I got of being at the right hand of a guy worked two hundred million dollars calling today a billionaire was invaluable.

They actually gave me a stipend, which was basically like an advance on my future earnings. He gave me enough

expense money to cover my car note and rent. Let's just say back then it was one thousand dollars twelve hundred dollars a month, and he sponsored me to get a to take the test for my real estate license so I could be in a position to earn a commission and pay back my stipend, my advance, and pay back Davel Mayor for his investment in the nine thousand businesses I started back then in my teens that didn't work, and in the course of working for Stephan Miller, it

was Stefan Cotter and Miller Wait Company, and I went to go work for this guy and was making effectively hard money loans in the hood, the inner city. I didn't realize what I was doing until I realized what I was doing. I failed the California real Estate test three times. You can't take the test more than four times before they say you're too dumb, You're too stupid to take this test anymore. And at fourth time you

can't take it anymore if you fail it. So, at least back then it was the case, and so the fourth time I failed it three times. The fourth time I finally passed the test, and people laughed at me. In the office. I was one of very few I think it was one of two African Americans in the office. But I was sitting right next to Steve Miller, the chairman CEO, and I'd ear hustled. I'd listen everything he had to say. And one day I walked in his office. It look, I'm tired of being an employee. Make me

a partner, and he laughed at me. The only reason you're here is the gift as a favorite of Dave, a mayor. I said, yes, but I can. I know Hollywood, I know the money you're trying to get me a loan in South central LA, little old ladies. And these person was not a racist. They were just trying to get a big return of their money. The money he trying to get me to loan in South central LA.

I could loan that money out in Hollywood and for people who can actually pay you back, but need have a short term need for capital, and they have assets and income, unlike the people in South central LA who had assets and no income. And these are bigger transactions in Hollywood anyway, I convinced him to do that. He made me a partner in a new division of the company with no assets. It's called WCC Funding Corp. Loaned

me his roller deecks. Back then, you know your address book and your iPhone back then was called a rollerdex, and you literally rode the deck of business cards and how many rolls of the rolodecks to fine, how much juice you had in the marketplace, how many people of power and influence you knew? And people laughed at me as I went about this business, having just fail out the California Real Estate tests three times. First year, I did zero in business. I paid attention, I hear, hustled,

I listened, I learned. The second year I did nine million in business. Thirty year I did fifteen million in business. The final year I did twenty something million dollars in business and ultimately ended up purchasing my own division. I did amagine buyout and bought my own company. I explained the transaction in detail in the separate podcast. But I never would have gotten that opportunity had I not first taken a job paying no guaranteed compensation. Did I feel

like I was valuable. I felt like I was smarter than most people in that office. People were making six figures, going living in fancy homes. But I had to take the worst job they had in the best office I could find. Wanted to meet my obligation to the investor who I promised to pay him back. But once I got there, I sound found opportunities, but I had to go digging in the holes, and nobody else wanted to hang in and do these initially these hard money loans

in south central LA and ultimately transition that. You know, rainbows after storms, transition that storm into my own rainbow. Rainbows only follow storms. You cannot have a rainbow without a storm first. That's why I tell people in the pandemic, you don't run away from the office. You run to the office. In distance working, you don't advocate to stay

at home. All the wealthy people and the successful people who have been in the office for years and already have their relationship capital, they're staying at home with their children or whatever.

how bad the assignment is. Yes, And now you've got a seat at the table, and you're going to get a crappy assignment.

situation with Oprah and the young lady. I believe it's miss Henson who I believe was saying she wasn't being paid properly on Oprah shows. But then you should have taken the contract. Okay, I mean, don't say yes when you really mean no. Nobody's forcing you to take this contract from Oprah. You should be honored to be with Oprah. I just have a different view of the world. In Oprah's job is to make a profit, not to pay you top dollar. So you have to understand how this

game works. You have to understand what hustle means and investment means, and how to get a return on your investment, and to show people that you're worth not just paying you what you're worth, but in my example with WCC funding, giving me a profit participation in the upside of my potential, structuring a deal where it's cash plus or income plus or income plus, a chance to build wealth based on your contribution, and any entrepreneurs willing to take any smart

entrepreneurs willing to take that deal, and being at the table, even if you don't get a profit participation, being at the table with those who already are successful, if you are smart, will make you successful. So it's R and D, research and development is investing your time on the front end. So, yes, I do believe the young people who are talking bad about the young lady being underpaid are wrong. Yes, I

said it all right, John O'Brien, this is money and Wealth. Hey, hey, John Hope Bryant, entrepreneur, and it's important I say the word entrepreneur on this particular segment of Money and Wealth on the Black Effect Network on iHeart on this podcast episode. So you know where I sit in the food chain of capitalism. People say I don't like capitalism, I hate rich people. No, that's not true. You don't hate rich people. You hate rich people until you become rich. What you

hate is a game system. What you hate is a system that does not work for you. No matter how hard you work, no matter how much energy you put into a project or an initiative or a place of employment or whatever, you don't see a return on your investment. You see somebody else much less intelligent than you. Maybe they're succeeding and you're not. They're on the come up and you're not. So you say, this must be a game, This must be some kind of rigged system.

collect it like a capitalist. People say, oh, I don't want to be a capitalist. I don't want to be I'm gonna explain in a moment how we're all capitalists. That's right, we are all capitalist. People who say they don't like capitalism, sorr, I just broke one egg. People say I hate rich people. No, you don't hate rich people. You hate rich people to you become rich. Oh, I want to give the money away, we should just share it. Well, you can't distribute it unless you first collect it. Well,

I want to work for the government. Where do you think that money comes from? Hello, government tax revenue comes from tax payers. All the government revenue that s are the government income, if you want to call it that. The budget for the federal government, the largest government in the world, the largest economy in the world, the United States of America. We may not be the largest government because there are other governments who waste money and have

bigger budgets on crap. But we're the largest economy in the world, and really, I think the most efficient government in the world. Actually, that's another podcast. Rule of law, all that stuff. You're a congress person here, you go out and go shopping with a congressional credit card, there'll be a front paid story about you within six months in the local newspaper in your congressional district. That wouldn't happen in China, wouldn't happen in Russia, wouldn't happen in

most parts of the world. So we do have a pretty efficient system. But I'm getting away from the topic. Those who work in the government, those who spend the money the government, are spending money that you and ize taxpayers paid into the government. So where do jobs come from? Eighty eight percent of all jobs, give or take in the United States of America, the largest economy on the planet, are private sector jobs. Just about twelve percent or so

of all jobs. Our government jobs. Hello, when you go to a place like I don't know, someplace in the Middle East, to go to a certainly third world countries you often find that the ratio is flipped that the majority of jobs seventy percent eighty percent of all jobs are government jobs and the private sector is very small.

So everybody wants to go work for the government where that works quote unquote, it works if the government says, got an income from let's say, oil, a hole in the ground, not from productivity, not because you're an entrepreneurial genius, not because you guys invented something, but because in this traditional example, there's a natural resource the world needs and they're extracting it from your business interests, corporate interests are extracting those resources.

Basically the government bribes, et cetera. Right, so let's now talk about traditional capitalism. And I just made a bold, audacious statement that we are all capitalists. So let me now break down the six forms of capitalism people say they hate, you know, oh I hate America. Look, capitalism and democracy are horrible systems except for every other system. Oh, I want to be a I want to live in a socialist country. All socialism really means is how do

you distribute the resources? I e. The Nordic countries. I'm trying to break down the six forms of capitalism in just one second, but the Nordic countries, a lot of

socialist countries. Well, that just means that once they pull the oil out of the ground in places that have become resource rich because of oil, like my friend my friend's country, Norway, or in other countries in that area that have oil as an example, or Sweden that has I believe timber as this resource, they then take that dollar that comes in the business person and gets let's say fifty cents of the dollar thirty cents on that dollar and fifty to seventy cents of that dollar is

taxed and goes to pay for public resources. Right, and yes, there's no homelessness in that place. As an example, everybody's got a safety net. But you also don't see those at the bottom ever achieve a place at the table.

it's socialism. Communism is obviously deeper than that. But I'm not a fan of socialism or capitalism. I don't believe that people. Nobody washes a rental car. You know, even nuns drive a rental car, and after a week of it being filthy, they take it back to the owner hurts or whomever, and give it back to them and let them clean it up. Now there's a random there's an odd person who is so conscientious that, yes, they'll

go and wash a car that's not their own. But typically nine times out of ten I'd even say ninety five times out of one hundred. If you did a survey of you went to go to a rental car company and you said that people return the car back clean and wash, the answers absolutely no, nobody washes. Nobody, meaning most people don't wash rental cars because it's not your own.

talk about they want socialism, they're not. They're not willing to give it their paycheck which they got, and I'm going to say here, through capitalism, that willn't give you that paycheck. And no, they've got a mortgage, they've got a car note, they've got credit cards. That's capitalism people. Okay, but I'm gone too far. Let me come back to the sixth forms. I'm so excited about this. Here are the six forms of capitalism. You just want to get

right to the meat of this. The first capitalism example is a worker. The second capitalism example is an employee. Yes, those are different. The third capitalism example is a salaried employee. The fourth form of capitalism is a corporate c suite executive. The fifth form is business ownership. The sixth form are crazy people like me entrepreneurs. And at that highest level of entrepreneurship French word built creates something out of nothing,

create value. At that sixth level, an entrepreneur works eighteen hours a day to keep from getting a job. All right, that's certainly me. And I don't think I'm working. I just enjoy what I do. People are like, I'm on the beach with my iPad, and people are like, guys walking by me, why are you working?

being exhausted at the entrepreneur opportunity I'm pursuing. Once I get exhausted and I get arrested, I'm back in duty. I'm rejuvenated. But with tired means you're doing something you really should not be doing for one more second. Tired and exhausted or too different things. So I said that we're all human capital. Remember that, all right. So you have a talent, you have a gift, you have an expression. We By the way, America is a capitalist democracy. America

is a capitalist democracy. So it's a democracy rooted in capitalism and free enterprise. The first example of governance in America is not a city. It was not a county, it was not a state, it was not the country of the United States of America. The first article of governance in the country was a corporation. It was a trading corporation that had voting rights from the British that's you know, this trading company that that trading company.

Maybe you decide to work this week not that week. Maybe you're maybe you're doing spot work. But you're doing what's called ten ninety nine work, which is you're paid from a tax basis based on a contract role, and taxes are not removed and with holdings are not removed from your check, but you're responsible for paying the taxes on that check minus business expenses if you want to treat it like a business. Most people don't. Who are workers.

So you have a ten ninety nine as a contract worker, and your obligation is to pay taxes under your tax break bracket on your income as a worker. But it gives you I guess a lot of freedom. But most people doing ten ninety nine work at that lower level of expression. And there are those at a higher level of expression, but they tend to be business owners doing ten ninety nine work. I'll get to that in a minute, but that lel level of expression of your human capital.

They tend to be folks with a high school education, and it's not and they're not very paid very much. Is literally hand the mouth, okay, And by the way, I've been there.

You are recognized as part of an employee group. And maybe you get benefits like health insurance, et cetera, et cetera. But you're now invested in that team. You put more energy in than a worker. They expect you to show up. Let's say at nine o'clock and leave at five, or check in at nine and check out at five. They expect certain things from you. There's certain policies and procedures you must adhere to. You can't do as you like,

whenever you like, whatever you like. You're part of a larger infrastructure, but you're trading your talent for a paycheck. But you have the comfort of knowing. And it's more than a worker, right as an employee, but less than a salary person. But it's by the hour, right, by the hour. But you know, at five o'clock or four o'clock or whatever your forty hour week is based on. You know you can leave, you up and leave. The rest is not your responsibility. And for that, let's just

say the same in this example. For that you get paid, let's just say forty thousand dollars, forty thousand dollars a year as an employee that's checking in at a time clock on an hourly job.

form of capitalist and capitalism is a salaried employee. Now, your boss has a right to call you at eight pm, maybe even on the weekends, and you'd be smart to answer the phone call. You don't have the right to say, in this example, well my you know, forty hour week is up. Because you're a salary employee, they can't abuse you, right, they can't abuse the right. That's against the law. But within a reason, a salaried employee is you know, ride

or die. They're there for when the need is so, maybe as a worker you're paying twenty thousand dollars a year. As an employee, you're being paid thirty five thirty thousand dollars a year. As a salaried worker, maybe you're getting paid fifty thousand, sixty thousand, seventy thousand dollars a year, but you've got less freedom to walk away you're on the hook more for leaning in with management and being

part of the special forces team. Is the lowest level with a special forces team typically is that salaried employee. You make more, you got less, so you're being val you're human capitalist more value. Tend to be college educated. At that salary level, you're not part of the American middle class. So you make it between you know, I don't know, fifty thousand, forty thousand, and let's just say in this example, one hundred and fifty thousand, it's just

giving you a range. And you're a W two employee, so you have more risks, so you get more reward. As an employee, you have less risk and you get less reward. The worker gets as the lowest level of risk and gets the lowest level of reward. Corporate c suite executives the highest level of a corporations chief executive officer c chief financial officer. Trying to get debunk all these terms so that you know, humanize them for you

no one to explain how this stuff works. C AO Chief administrative officers, COO, chief operating officer, vice chairman, which is typically lower level than the CEO but has gravitas and typically vice chairmen typically are not full time positions. But you have the chairman of the board. Then you've got the board of directors and the chairman board. The CEO is typically if it's a strong CEO on the board of directors, so it's a CEO and board member

or president CEO maybe not on the board. Then you've got these officers, right, secretary of the corporation, all that stuff. All those people are corporate c suite leaders, the highest level of a corporation, and they have the highest level of risk, the most engagement. They work weekends, evenings, Christmas Eve if the balls ass. They're the special forces team at the highest level, and they get the highest compensation.

It goes from you know, low six figures, typically you even have high five figures, but depending on the city cost of living, low six figures up to literally millions of dollars if it's a fortune five hundred company, but typically it's high five figures of income to you know, mid six figures is typically where most successful companies are paying corporate c suite leaders. Then you have the sixth level where you're really starting getting into real risk reward.

Now you've broken out of the company and the confines and the safety of health insurance of somebody else, taking on the debt, taking on the corporate risk, taking on the liabilities, getting somebody else's getting sued, somebody else's brand, somebody else's reputation, somebody else's you know, balance sheet income statement. Now you've stepped out and you decided I'm going to be a business woman or a businessman, and I want the chance of the big ring. What's the difference between

a business person and an entrepreneur? Is there a difference, Yes, there is, and people they mangle the two things together. We used to mangle it together at Operation Hope. I had to explain to my team you had to separate these things. Yes, business training and entreprenship training are similar, but they're not identical. A business owner business training is somebody who has an established who's modeling what they're doing on an established business plan. So think about a franchise,

Think about a mailbox, et cetera. Think about a McDonald's, think about you know whatever. Pick the franchise you like. Get that in your head now, A restaurant franchise, a nail salon franchise, a hair salon franchise, a you know, some kind of professional service. You're getting a professional service franchise while it's coming up.

this time in. You lean against this established business plan, you use this established brand, and as a result of that, you should live a life that has more return than a corporate C suite executive, the salary executive. It's an employee or a worker. You're going to get more financial compensation, more ultimate freedom. Really you're going to step in from making money. They're building wealth if you're really good at it as a business owner. But that's different than being

an entrepreneur because it's an established, existing business plan. It's really important to me that you're with me of this tick of the watch. So all these are forms of capitalism you've gone from human capital to maybe financial capital in the business owner, but you're still using capital, and it's still capitalism because you're trading your talent and your gifts and your energy for some form of remuneration. The last form of capitalism is.

of reimagined them through an entrepreneurial spurt of energy. They created something called Microsoft and Apple, which were reimagination of traditional businesses along new entrepreneurial lines and created helped to create a whole new sectors. Bill Gates created Microsoft. I actually know Bill Gates Microsoft. So it was taking the big business of computers, macro computing, making it micro software. That's what that means, micro Soft. I can't get in

his hand and tell you that's what he means. But that's what that means. And that was the first time anybody had done it. And then Steve Jobs took something that would took up a whole room and was pretty boring, a computer, and he made it personal. The first personal computer I believed was Steve Jobs. But it is certainly the first sexy computer. It's the first computer or our

phone or digital advice whatever. They had a sort of energy and emotions and personality to it and creativity and style, right, and so that was very entrepreneurial. So can you be an entrepreneur and a businessman, Yes, you are a businesswoman. Absolutely, I'm an entrepreneur and a businessman.

going from failure to failure. Without loss of enthusiasm, old a rounded through it. I'm going to get to it. You know, life is ten percent what life does to you, and not even saying how you choose to respond to it.

twenty one. When I sold it, I'm still a partner in it, but I'm partnering was now called a joint venture. I don't own it completely, I don't control it. I can't just do as I like. I've got to talk to a bunch of partners. I'll do business structures in another podcast, explain different business structures to you so you again demystify how all this stuff works, because there's no shame in the game of not understanding how something works. There's no. It's what you don't know that you don't

know that's killing you. But you think you know. My job is to demystify this so you actually now know. So I'm now explained that six forms of capitalism. As a worker is an employee, there's a salary worker employee, there's a corporate executive, there's a business owner, and there's an entrepreneur. Can you be an entrepreneur, by the way, and be in the nonprofit space, Yes, you can be a social entrepreneur and you're getting a return on investment,

return your capital. That might be spiritual, right, you're just going about it in an entrepreneurial way, but you're doing something, creating something that didn't exist before.

a dictionary. And listened up to the dictionary Western's Dictionary entrepreneur French word, build something out another and create value, blah blah blah. And I was like, okay, whatever that is, I'm doing that. And I said, you finance entrepreneurs, mister banker, Yes, I do. Okay, then I'm going to make sure that I qualify myself so you can finance me. And where did the operation hope come from? Well, I said, I now know what my example is going to be. What

I'm going to do and become an entrepreneur. And I went to the licker store and told the liquor store on he was selling the wrong kind of candy. He said, go away, little boy, I've got a college degree. I said, that's nice. I've got cavities. I'm telling you selling wrong kind of candy. You should be a joint venture partner with me. I can tell you how to sell some

real candy. He laughed at me. Well, I ended up putting me out of the liquor store, out of the candy business, because I was nine years old.

of time. I actually worked with him as an employee to learn what he was doing how I was doing business. I was so call that research and development R and D. I worked for three weeks and quit once I realized where his inventory came from, where he bought his product from. With the wholesale was what he bought it for, what the retail rate was, what he charged, what he marked up to, what the profit margin was the difference between

the whostale rate and retail rate. And I went to where he bought his product with an investor for my mother, but she was my capital provider, my investor. She said, life is tough. I'm not gonna give you money you're gonna to I'll give you this forty dollars an investment. You're going to pay it back with interest. That's a banker, right backer. And I put links around the candy business.

I was at the bottom of the food chain is a worker capitalism level one, and I was at the and I was at almost at the top of the

food chain as a business owner capitalism number five. Because because a candy house is actually an established business plan, you can go to the internet search one a business plan for candy houses now, or go to my Operation Hope team at the One Me and Black Business Initiative or our Hope and Side location and they'll help you find and build a business plan for a candy house or a buffler shop, or a nail salon or nursery business or daycare, whatever it is you want to do.

So then I asked this banker, are there other bankers like you in the world. He said, yes, they're probably a million bankers in America. There were back then ten thousand banks. I said, is your job to lend poor people money?

Increase your savings so the banker knows you have a little cushion in case you run into hard times. Those three things are the baselines for becoming bank qualified. And I want to get an entire generation of young people and struggling families and folks are too much of the month at the end of their money to be able to qualify for their dream teams. The bank says yes, when right now they may say no because half of black folks have a credit score below six twenty, not

poor people, everybody. And so you may think as racism. It may just be your credit scores. Thinks may think that maybe that your death income ratios are off my job. I now know looking back at my childhood. I didn't know it back then that at ten years old, I both figured out what I was supposed to do.

underserved neighborhoods. The only nonprofit allowed to operate side of a bank branch in US history, and we're killing it, raising credit scores fifty to one hundred points, lowering debt thirty eight hundred dollars in some cases, increasing savings two thousand dollars, and making people bank qualified and giving them their dignity back at scale. All that came from that kid a school classroom, getting a financial literacy course in

home economics class, which doesn't exist anymore. I'm going to solve that and change that in my lifetime as well. By the way, the silver rights movement in the suites not the streets. The colors now green, not black or white, or red or blue.

a corporate executive, a business owner, an entrepreneur. If you're the higher you get on that scale, the less time you're going to have for a traditional life. But the more the higher you upon that scale, the more resources and the opportunities you have to live a free life. But you'll find as you get up that scale from one to six, you get up that you know certainly four or five six levels of capitalism U that your balance of time will be out of balance. You will

always be fighting for time. Whereas you're a worker, you may have all the time in the world, but you also won't have any resources to do anything with that time in the traditional sense, meaning financial resources. Okay, so there you go, Love and Light yo yo, John Hope Bryant. This is Money and Wealth on the Black Effect Network at iHeartRadio. This is a fan question cast Underscore seven three three three from Instagram. Cast East Underscore seven three

three three from Instagram. Ask when starting a business, what are the steps you recommend to secure alan or investment?

a financial statement, an income statement, a balance sheet. I'll explain all those things on one of my podcast series, Different Structures of a Business and the tools the bases you need for a business. But once you have that in place and ready to go to market, you may if you're coming up from nothing like me, you may

need to have a non traditional approach. Now, ninety six percent of all black businesses don't have an employee, which means you don't have infrastructure, systems, books and records for the business. You're really your business, but your more busyness or a self employment. You have no employee except yourself. So you may have to use your personal credit score in order to secure a business loan or to use a personal loan for a business purpose. When I was

coming up, I had to use credit cards. A Pep Boys card was how I maintained my car, which I drove around to do marketing and sales calls. The department store credit cards back then it was Montgomery Wards, it was Sears.

back on a schedule with payments. Okay, I'm over answering this question, but so you may have to use credit cards, loans from families and friends. The more sophisticated version of that today is a cloud sourcing platform that you can use to you know, people are cloud sourcing all kinds

of things, cloud funding, funerals and cloud funding. You know somebody going to college where you can cloud fund a business investment opportunity, and of course the most traditional thing is to put together a business plan and go get a business loan, a small business loan SBA, a loan from state government agencies, city government agencies like here in Atlanta. You have invested Atlanta, which operational partners with, and you

can get a loan and sometimes a forgivable grant. Yes, every now and then the government will is trying to spur small business creation in your area and they will give you a forgivable grant. I need to do it. One of these podcasts that differentiates a nonprofit from a for profit and explain that structure, which I just decided to do at this very moment, and I'll also explain

the different types of corporations and all that stuff. But leading back to the question, the top of the food chain here is to be able to get a loan from a bank and secured or unsecured line of credit or a loan commercial loan that doesn't require a personal

guarantee because you've prepared such an incredible business. You have a cash flow, you've got maybe you've been running a business now for three to five years, and you've got enough revenue from the business itself, and you've got three employees and a retail place and making this up and cash flow from dependable, reliable, consistent clients that the bank says, we don't have to rely on the individual credit. We can work on the we can rely now in the

business credit. The business is credit, and we'll make a loan to the business. It doesn't require personal guarantee from the individual. The way I started this answer was the individual is the credit because they are a self employment project. So those are some examples of how you can start seeking financing for get a loan or investment for your business.

Those are not there all the examples. You can do a private placement to try to raise money, which is like a form of crowdsourcing, So look up the phrase private placement, but to be very careful about how you do that because you can run into securities violation the SEC Securities and Exchange Commission if you don't do that exactly right, and you're not getting folks who are qualified to be investors in a private placement as investors, you don't want to go get the proverbial little old lady

who can't afford to lose a thousand dollars, so you don't want her investing in your project and she loses everything. You have enough of those people and you didn't clarify well what they're investing in, you could be breaking the law and not know and end up with handcuffs on and I don't mean from a jewelry store. All right, A good question. I hope I answered it well. Kudos to you.