When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself.
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These stories submitted by Martinzwilling became hot on BizSugar
Eight Tips To Successfully Bootstrap Your Business
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4967 days ago
Made Hot by: BusinessBloggerPro on October 2, 2010 12:28 pm
A Savvy Startup Always Builds a Great Loan Pitch
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4963 days ago
Made Hot by: Cathode Ray Dude on October 1, 2010 3:29 pm
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get all the time is “Can I ever expect any backing from my bank for a great opportunity
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Six Tips for Turning Business Ideas Into Action
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4969 days ago
Made Hot by: Entrepreneurosaurus on September 29, 2010 7:43 pm
Successful startups are all about turning ideas into action. These actions must be the hard part, since entrepreneurs always seem to come to me with ideas, and ask me for help on the actions. That has always seemed strange to me, since the magic is supposed to be in the ideas, and the actions are t
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Ten Founder Success Factors – And a Few Surprises
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 5000 days ago
Made Hot by: HomeBusinessMedia on August 30, 2010 4:09 am
We can all dream about what it takes to make our startup a success. From recent survey feedback, it seems evident that the urban legends leading to success are wrong. The average entrepreneur is not the one who dumped a promising career, sketched his idea on the back of a napkin, and accepted millions from an investor to make millions of his own.
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Your Startup Can’t Fail If You Don’t Quit
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 5005 days ago
Made Hot by: dreamwithdeadline on August 19, 2010 7:45 pm
When I heard a friend make this statement the other day, I realized that every entrepreneur should adopt it as their mantra. I certainly have. If we all do it, we can drastically improve the statistic that over half of new startups fail within five years. Nothing is more discouraging to future entrepreneurs than a failed startup
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Many Entrepreneurs Charge The Hill Too Soon
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 5012 days ago
Made Hot by: steeldawn on August 13, 2010 8:23 pm
Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time. They approach key potential investors way too early, trying to talk their way up the hill, with no supporting business plan, and before they have a support team around them. Needless to say, they get shot down, and get no second chance
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Don’t Confuse Business Motion With Momentum
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 5019 days ago
Made Hot by: HeatherStone on August 6, 2010 8:11 am
Too many entrepreneurs confuse motion with momentum. We all know someone who repeatedly tells us how “busy” they are, when it’s hard to see what they get done. Momentum is moving things forward (mass x velocity). Founders or employees in constant motion, but with no momentum, will kill any startup
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