6 min read

Opinions expressed by Entrepreneur contributors are their own.


Have you ever wanted to start a , but didn’t?

I know exactly what’s holding you back.

I’ve talked to countless aspiring entrepreneurs. People seeking to start beauty companies, bakeries, , clothing companies, hot sauce emporiums…the list goes on. But though all of those and side hustle ideas varied so much from each other, the very first concern they brought up to me was always the same:

“I don’t have any . How could I possibly start a business?”

I totally get where they’re coming from. When you’ve never started a business before, so many of the first steps seem totally insurmountable – especially when you’re not lucky enough to be facing them with a bucket full of .

But guess what?

started out selling PCs from his college dorm room. , , and all started in garages. I started a multimillion-dollar company from my kitchen table – and trust me, I was downright broke.

If you find yourself feeling like you couldn’t possibly start a profitable side hustle in your current situation…

© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My Information | Ad Choices 
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

Source link

Alternative investment manager Yieldstreet—which allows individuals to invest in loans backed by real estate, art, shipping vessels, and other asset classes—is launching a new platform dedicated to private business credit, Fortune has learned.

Yieldstreet’s base of accredited investors will now have access to private business loans backed by collateral including inventory, equipment, accounts receivable, and other assets. The firm effectively crowdfunds its investors’ contributions—which start at a minimum investment of $10,000—to provide them access to fixed-income products that are usually reserved for the likes of hedge funds and institutional investors.

The private credit platform will target short- to medium-term secured loans typically ranging from $3 million to $30 million in value. It is Yieldstreet’s fifth asset class, following verticals dedicated to the real estate, legal, marine, and art financing sectors.

Yieldstreet CEO Milind Mehere told Fortune that he believes the current market environment is ripe for the platform’s launch. He noted the prevalence of “small and medium-sized business” now revving back up in the wake of the coronavirus lockdown, many of them in need of fresh liquidity to finance their operations.

“For us, the timing feels right. We feel that in the next 12-to-24 months, a lot of businesses will …

This is the web version of CEO Daily. To get it delivered to your inbox, sign up here.

Good morning.

When the history of stakeholder capitalism is written, Paul Polman will have a lead role. He became CEO of consumer goods giant Unilever back in 2009, and over the subsequent decade he was the leading proponent of a new kind of capitalism–one that focused explicitly on big social problems like climate change and inequality. That’s why I was eager to have him as a guest on our podcast, Leadership Next. He is, in some ways, the embodiment of our theme.

You can hear the full interview with Polman this morning here. But for CEO Daily readers, let me share this excerpt:

“Governments in this world right now have a little bit of a hard time, and global governance is broken. Populism, xenophobia, nationalism…all these things are going in the wrong direction. Meanwhile these issues are piling up. Cybersecurity, financial markets, climate change…coronavirus. These are global issues that need global coordination.

“I believe it is the duty of the private sector to step up and fill that void and be responsible. We are not elected bodies, but we