The next time you are on your way to an entrepreneur meeting or trade show, thank the financial adviser for the tips that they provided in making your business a success. In fact, there are only a few of them who can provide real advice that is a match for the real world. These are market’s shapers, risk takers and makers of things. One of them is William Saito, the founder of I/O Software Inc, InTecur and the first Biometric Authentication System(BAS).
Of the more than a million financial experts in today’s world, only a few like William Saito have had real impact on entrepreneur’s lives while at the same time bringing them money and fame. And for the vast majority of these entrepreneurs, this is not the first time that they have tried to make their ventures a successful one. It happened in the early 2000s when there was a tech recession. It will happen again and this time investors are bound to do their homework before taking risk, says William Saito in his recent interview at a conference. Why? Because some of these venture were never commercialized and left no trace of money the investors put in. You can bet that this time it will be different for ordinary entrepreneurs as investors are leaning more towards successful ideas and concepts than random ones.
According to William Saito, there is a big cultural difference between eastern and western entrepreneurs that impact investors’ decisions. For example, Western entrepreneurs are likely to accept failure as a stepping stone to success. With Saito’s comprehensive advice to his clients, one can learn to recognize their own potential, avoid market rip-offs, know financial limits, pitch the ideas and concepts to potential investors, make the best deal that is a win-win situation for both parties and much else.
Saito’s financial advice for entrepreneurs is for anyone with an idea and ready to turn it into royalty income. It is real fortune to be made by ordinary people with courage, entrepreneurial spirit and resources. Look upon his advice as a flowing chart for success. Laws, regulations, and so on are at a constant change and these advice are helpful to move forward smoothly. Additionally, it is a requirement today that you know the real market with real statistics on supply and demand. This way, you will be able to keep pace with your area of interest.