"Long Live""Not-So-Sexy" Launch "Not-So-Sexy" Launch Long Live The "Not-So-Sexy" Start-Up
Don't have enough cash? Don't worry! It is not necessary to be able to rely on the money of others to be successful.
Recently, it appears that there's been an evolution regarding what constitutes a "successful" start-up business.
TV shows such as Shark Tank on ABC and Entrepreneur Magazine attempt to make you believe that to make it big that you need to raise money from millionaires. The rapid growth of an organization is the only true metric of achievement.
The shows and publications that focus on entrepreneurs are known for sharing stories of startups that were at the start of their development and "took the chance and won it". Every day, we hear tales of the next Airbnb or Stripe receiving boat-loads of cash in order to accelerate their growth.
The stories are sexy absolutely.
We are told that the founders ate Ramen noodles for weeks on end, and then sleep on their friend's couch until they made it big. All that effort resulted in an income since they'd put in the work. This is the "rags to wealth" story we have all seen many times but for some reason it is a story that we find appealing.
There is a fact that the majority of people who an ambition to start an enterprise of their own won't be a student again and that's a major reason behind the legend of the current startup success stories. If you're not confident with (or good at) fundraising, your entrepreneurial desires may be somewhat difficult to realize.
However, here's the truth Successful businesses do not Require Venture Capital
Contrary to what is written in the websites designed for entrepreneurs, you do not require an investment fund for you to get started and grow.
Instead of relying on others, youshould take your role as the primary business investor (with regards to cash and time).
If you're looking to invest your time, that isn't difficult. If you're making excuses about being too busy, you shouldn't be considering becoming an entrepreneurial. This isn't a joke, it's not for everybody and that's perfectly acceptable.
It's a known fact that if you're dedicated to your goal, then you'll be able to make more than enough time. It is possible to set an aside time on your schedule, or dedicate time to the project on the weekend. You could stay up longer at night, or get up early for work. If you're struggling to find your time, you need discuss with your partner what you really want because when the company is in operation, you will have even less time.
When it comes to the way you invest your funds, it is essential to make the right choices. The first and most important thing is to continue working at your present job to help fund your dreams.
A few benefits are...
- It's not necessary to lay on a couch along with your mate and enjoy a meal of Ramen.
- It is not necessary to approach family members and friends to pay.
- You have a steady-stream of cash available to invest in to your company.
It is possible that your story won't be published in Inc. Magazine but what you earn is more valuable.
For starters, you don't be worried about your the budget or the obligation to pay anybody anything (including VC firms). That alone will give you the peace of mind you require to concentrate on the end goal. The process of starting a business is about investing in yourself and your goals. If you are your own primary investor, it's simpler to eliminate unnecessary distractions.
Additionally, as your primary source of income for the business, you are in possession of all the company. That means that you are able the ability to take all crucial initial choices. It's crucial to be competent to take decisions and implement ideas quickly is vital to any company just beginning.
This formula works, and I am the evidence
If you're doubting your decision, let me calm your nerves As a former employee, I can tell you that this strategy can succeed. It began in the hotel room.
By keeping my full-time job as an E-learning consultant I was able to fund myself my company. I'll tell you something, when you're making the most the funds from your personal funds to finance your dreams, you'll ensure that each dollar spent will be redeemed.
When all is said and completed, it took about 10 months from beginning until the initial launch. After the launch I was able to stay on the job for another 3 months so as to invest all first business profits into the company with the aim to accelerate expansion. The business is growing every year, and has not accepted any money from investors.
At some point, You Will Have to take a chance
It would be a lie if I said that each company idea that follows this method can be successful. If you're searching for a safe way to start a new business it will require a long duration of time. The franchises they have established can't guarantee the success of their venture.
The main message I want you to remember is that determines your own entrepreneurial fate.
Only you will be able to take the necessary time to make your dream into possibility. Be sure to stay away from people who are an investor. No acquaintances. No family members.
You don't need to borrow money from anybody other than yourself to start an enterprise and make a difference in your daily life. You are able to do it on your own with some ability to manage your time and the help of your existing job to fund your dream.
It's not sexy, but it's effective.
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