Burns Writes About the Value of Mentoring for Forbes Magazine

Peter J. Burns, III, founder and CEO of Burns Funding - a venture debt lender that helps entrepreneurs and investors obtain funding for their businesses, has authored an insightful column for Forbes Magazine, entitled "Five Ways That Mentoring Can Make You A Better Entrepreneur."

In his column, which can be viewed here (https://www.forbes.com/councils/forbesbusinesscouncil/2024/11/07/five-ways-that-mentoring-can-make-you-a-better-entrepreneur/)
on Forbes' website, Burns highlights these benefits:

1. Mentoring helps you rapidly build a network.
2. Mentoring can help you tap into new markets.
3. Mentoring allows you to expand your horizons by engaging with new perspectives.
4. Mentoring gives you a different perspective.
5. You can create enormous goodwill by being a mentor.

"Mentoring has been a vital part of my formula for success as a serial entrepreneur," said Peter J. Burns, III, the CEO and founder of Burns Funding (www.burnsfunding.com). "I have witnessed the aforementioned benefits time and time again over the last five decades."

He added that many of the innovative approaches to lending arise from conversations with entrepreneurs, such as the Venture Funding Method (VFM) and Burns Funding Method (BFM).

Through the recently introduced VFM, Burns Funding helps the entrepreneur raise the necessary capital to purchase what is commonly called, a shelf corporation. "It's a way for entrepreneurs to raise as much as $200,000 for their business without setting foot in a bank, or sacrificing their personal credit," said Burns.

According to Wikipedia, a shelf corporation is "a corporation that has had no activity. It was created and left with no activity - metaphorically put on the 'shelf' to 'age.' The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one."

The BFM, introduced earlier this year, was introduced as a way for entrepreneurs to cost-effectively secure capital from credit cards, lines of credit and installment loans, without having the responsibility to pay it themselves.

"Without mentoring, these innovative ideas would have never materialized," said Burns. And, he added, it is unlikely he would have been invited as a guest columnist for both Entrepreneur and Forbes, two of the world's most prestigious magazines.

To see his other articles on Forbes, visit: https://www.forbes.com/sites/forbesbusinesscouncil/people/peterburns/

ABOUT PETER J. BURNS III

Based in La Jolla, California, Peter J. Burns III grew up in a well-established New England family in New Canaan, Connecticut. He was briefly educated at the United States Military Academy Preparatory School at West Point, the University of Virginia (UVA), and finally, Harvard Business School's Owners and Presidents Management Program. While his two younger brothers went on to have very successful traditional business careers, Burns chose the life of a startup entrepreneur.

Burns started hundreds of businesses over the ensuing decades. In the early 2000s, he moved to Arizona and became a pro bono adjunct faculty member at the highly respected Barrett Honors College at Arizona State University. In 2006, Burns took his teaching practice across town to Grand Canyon University and its entrepreneurial founder Brent Richardson, where the two men would launch the nation's first College of Entrepreneurship at GCU.

In recognition of his work, the Arizona chapter of the Future Business Leaders of America named Burns its Businessperson of the Year in 2007.

Shortly thereafter, Burns started Club Entrepreneur to unite entrepreneurs in an "open-source entrepreneurship" platform. The Phoenix chapter attracted 10,000 members.

In 2016, Burns moved to the West Coast and started Burns Funding to help entrepreneurs secure hard-to-get funding for their businesses.

Taken as a whole, Burns says all the businesses have a "common thread."

"Every business I start represents my desire to help existing and would-be entrepreneurs reach their full potential," said Burns. "Too often, they give up because of a lack of capital. I set out to solve that problem and won't rest until every entrepreneur who needs money can secure it."

Burns Funding
7514 Girard Ave Suite 1416,
La Jolla, CA 92037

Burns Funding is a venture debt lender that helps entrepreneurs and investors obtain funding for their businesses.

This release was published on openPR.