For Subscribers

Hold On to What's Yours

Get the money you need without giving up too much of the company.

By David Worrell • Sep 1, 2002

Opinions expressed by Entrepreneur contributors are their own.

John Lie-Nielsen, 28, is on the fast track. The SanFrancisco-area company he and a partner started in 1999, AlliedCash Advance, is growing right out of its britches. Happily, whenit came time to buy bigger britches, Lie-Nielsen knew right wherehe could find the deep pockets he needed.

Lie-Nielsen has been luckier than most--he's nailed downthree rounds of angel capital that helped him open the first retaillocations for his short-term consumer-loan business. In threeyears, the company has grown to more than 35 stores while doublingrevenues each year. But the business is consumer-driven, and AlliedCash Advance growth is fueled predominantly by opening newlocations.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

The Scam Artist Who Robbed Backstreet Boys and NSYNC Blind. 'Some of the Guys Couldn't Pay Their Car Payment.'

In the 1990s, Lou Pearlman made millions creating the Backstreet Boys and NSYNC. It was all a giant Ponzi scheme.

Marketing

How AI Writing Tools Like ChatGPT Can Make Marketing Easier

With the explosion in popularity of Open AI's ChatGPT tool, it's not a shock that artificial intelligence is the talk of the business world. Here's how you can use it to make marketing cheaper and easier this year.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business Solutions

What Bill Gates and Steve Jobs Taught Me About Getting to Know Your Customers

Despite the push toward chatbots and technology-driven customer service, nothing can replace determining what your customers want through personal social interaction.