Posts

The rise of giant consumer startups that said no to investor money

Photo by Jacky Chiu on Unsplash

A new breed of entrepreneurs is creating huge consumer brands — like MVMT and Tuft & Needle — without venture capital, and laughing all the way to the bank. “In Silicon Valley, it’s often embarrassing when you haven’t raised money,” Ali told Recode recently. “When I’d go to parties or dinners, entrepreneurs would talk about how many employees they had. But for me, it was just me.”

Source: The rise of giant consumer startups that said no to investor money – Recode

50 Big Companies that Started with Little or No Money

Photo by Robin Benzrihem on Unsplash

There’s a widespread belief among founders that venture capital is a precursor to success. It is true that VC is a common denominator of the most successful tech startups, but it isn’t a prerequisite, especially at the early stages.

Source: 50 Big Companies that Started with Little or No Money

Yes, You Can Still Bootstrap Your Startup From Zero to Millions of Users.

Photo by Brooke Lark on Unsplash

Interestingly enough, founders tend to have mixed feelings about bootstrapping their startup because of concerns about growth. With the costs of maintenance, subscriptions and other basic expenses, is it even possible to bootstrap a startup to millions of users?

Absolutely. There’s a method to working strategically with what you have, and it requires patience, resourcefulness and accountability.

Source: Yes, You Can Still Bootstrap Your Startup From Zero to Millions of Users | Entrepreneur.com

6 Business and Financial Terms Every New Entrepreneur Needs to Know

If you want to make money, you’ll need to understand some basic concepts and metrics regarding money, customers… and even personal performance and health.

Source: 6 Business and Financial Terms Every New Entrepreneur Needs to Know | Inc.com

15 Businesses You Can Start for $10K or Less

Review these best business ideas for entrepreneurs on a budget.

Starting a business can be intimidating. Finding the right idea, dealing with the financials and getting it up and running successfully add up to more than a standard full-time gig. Simply knowing how to start a business is just the beginning. Business ventures that are lower in risk, however, take some of that worrying out of the equation, so try looking for the cheapest business to start. Enter the “$10K or less” business idea.

Source: 15 Businesses You Can Start for $10K or Less

7 Reasons Your Small Business or Freelancing Career Isn’t Making Enough Money

I left corporate work in 2013 and created my solo consultancy. I have *not* reached my corporate salary (not even close) and while I’ve been incredibly successful in terms of business, clients, 80%+ client-referral, outcomes, A-lister clients, etc…the financial success is not there. I know every ‘freelancer’ and solo entrepreneur knows what I’m talking about. I’m now focusing and building strategy to grow my services business. I’m trying to remain open-minded to growth ideas that I rejected in the past.

Source: 7 Reasons Your Small Business or Freelancing Career Isn’t Making Enough Money

The 8 best small business credit cards to open in 2018

Photo by Ryan Born on Unsplash

If you own a small business — whether it’s a personal side gig or something with multiple employees — it’s important to keep your business and personal expenses separate from each other. Here are some of the best small business credit cards of 2018.

Whether you’re a freelancer, someone with a side-gig, or you run a business with 15 employees, an HR team, and a brick-and-mortar store or office, keeping your personal and business finances is vital. Even if you’re a sole proprietor using your personal checking account, things can get muddy quickly when you’re cutting personal and business checks from the same account, or charging drinks with friends and your monthly Microsoft Office subscription to the same credit card.

Source: The 8 best small business credit cards to open in 2018 – Business Insider

Sink or swim why bootstrapping will make you a better entrepreneur

Photo by Jakob Owens on Unsplash

Bootstrapping will make you a better entrepreneur. It’s not easy to grow a business without external funding. You have to swim, or you’ll sink fast. You also have to stretch your resources and work efficiently. If you’re in the deep end, without a life jacket, it’s time to get creative. Here is why I believe bootstrapping will make you a better entrepreneur and how to embrace its challenges:

Source: Sink or swim: why bootstrapping will make you a better entrepreneur

The Founder of Craigslist. Here’s His Highly Unusual Story

Let’s talk about billionaires–especially unusual, bootstrapped, secretive philanthropic-minded billionaires who describe themselves consistently as nerds. It’s a small group. Its leader: the Craigslist founder Craig Newmark.

Source: Why Is the Founder of Craigslist Suddenly Giving Away Millions? Here’s His Highly Unusual Story | Inc.com

Simple, Successful Marketing Strategies for Entrepreneurs on a Budget

I’ve picked up some marketing strategies that are more about the effort and less about the money to help other entrepreneurs. Find out what they are.

Source: Simple, Successful Marketing Strategies for Entrepreneurs on a Budget – AlleyWatch