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Need money? Read this!

Berkonomics

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Bootstrapping Organic Growth Makes Startup Sense

Startup Professionals Musings

When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. I grew to appreciate this approach much more when I interviewed a popular serial entrepreneur, Rich Christiansen a while back, who has done almost 30 businesses wholly by bootstrapping. Do it yourself.

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Have you heard the rule of the thirds?

Berkonomics

Think of startups and early stage businesses whose entrepreneurs you know. We should think of the creation and growth of a high valued company as the sum of three parts, with three distinct classes of participants helping to make real value out of a raw start-up. One: The entrepreneur. Two: Co-management.

Startup 240
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Entrepreneurs Should Create A Degree – Not Buy One Off The Rack

InfoChachkie

Entrepreneurs create their own jobs, why shouldn’t they also create their own degrees? As described in Should Millennial Entrepreneurs Skip College? most young entrepreneurs benefit greatly from the college experience. Like a sheepeople, I dutifully signed up for the required classes. marketing, finance, sales, etc.).

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An Unlikely Unicorn: Lynda.com’s Journey From Garage To $1.3B Sale

InfoChachkie

Bruce, along with his wife Lynda, created a learning company from their garage, initially by holding in-person classes and later selling VHS tapes via mail order. Bruce and Lynda eventually grew their startup into a global powerhouse, offering 5,700 classes and 255,000 video tutorials to over 4 million users. I did not do well.

Sales 113
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7 Keys To Scaling Your Startup To Be The Next Unicorn

Startup Professionals Musings

Yet as a business advisor I am convinced that making the jump from a startup to a the next unicorn takes a different mindset, and actions most entrepreneurs are reluctant to face. Bring in an experienced Board and world-class leaders. Switch your focus from product development to sales.

Startup 151
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8 Reasons Why Great People Make Processes Repeatable

Startup Professionals Musings

In addition, today’s customers judge a company by perceived people relationships through social media, phone conversations, and sales experiences. Thus I believe that business leaders and entrepreneurs need to focus first on people leadership, rather than process leadership. Processes without people leaders will still be chaos.

Coach 128