Burns Writes About Friends and Family as Investors for Entrepreneur Magazine

Peter J. Burns, III, founder and CEO of Burns Funding (www.burnsfunding.com) - a venture debt lender that helps entrepreneurs and investors obtain funding for their businesses, has shared another instructive column for Entrepreneur Magazine, this one addressing what entrepreneurs should consider when taking investment from friends and family.

In his column (https://www.entrepreneur.com/starting-a-business/how-to-pick-the-right-friends-and-family-investors-for-your/486180), Burns wrote about the role that family investment, specifically from his father, has had with his own career as a serial entrepreneur. He also noted a study produced by researchers at Indiana University, which suggested that entrepreneurs who "often lack resources and funding needed to launch a venture ... reach out to family and friends for initial support."

We went on to write about four things entrepreneurs should consider before engaging with friends and family, such as:

• Don't Pick a Housemate
• Choose Someone Who Knows Your Industry
• Engage with Someone with Good Credit
• Find an Investor with a Complimentary Skillset to Your Business

Burns' third point ties in with the success he has had with Burns Funding when it comes to facilitating funding opportunities for entrepreneurs.

BURNS CORPORATE CAPITAL PROGRAM CHANGES LENDING LANDSCAPE

Most recently, Burns Funding introduced Burns Corporate Capital, which 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 $350,000 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."

As part of the program, entrepreneurs purchase a shelf corporation, which costs between $11,000 to $13,000. Burns Funding, known industry-wide for its ability to embrace innovation, provides the capital to the entrepreneur to purchase the shelf corporation with help from the Burns Funding Method. Through the BFM, entrepreneurs cost-effectively secure capital from their credit cards, without having the responsibility to pay it themselves.

"Once they have the corporation in hand and complete the requisite paperwork, they can obtain access to credit lines well into six figures in as little as 50 days," added Burns.

Burns, himself a serial entrepreneur, expects the Burns Corporate Capital program to soar in popularity.

"There are hundreds of thousands of small business owners, who have the credit score, but can't substantiate the income through W-2s," he said. "They simply are not able to obtain significant unsecured funding to pursue their business dreams.

"The beauty of the Burns Corporate Capital is that entrepreneurs can pay for the shelf corporation out of pocket, or avail themselves of the BFM, where they can access capital locked away in their credit cards."

Burns' reputation in the alternative lending space has caught the attention of both Entrepreneur and Forbes, two prestigious magazines that enlist Burns as a regular columnist.

To see his articles on Entrepreneur, visit:
https://www.entrepreneur.com/author/peter-j-burns-iii

To see his 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.