I had the opportunity recently to ask Sam Jain, the CEO of Fareportal, about his experience as growing his business from an idea to a multibillion-dollar organization.
A good business plan accomplishes much more for a startup than just intriguing investors and lenders; a good business plan actually maps out the business, and guides its growth.
Every time I hear the old blues song “God Bless the Child” I think of startups, bootstrapping, and owning your own thing. During the last few weeks I’ve had to explain to several people hoping for angel investment that their startup wasn’t getting into the finals for our local angel investment group, the Willamette Angel [...]
Are you looking to build your own business? Go out on your own? Sadly, we tend to overemphasize the high-end process of developing a plan and then getting investment, while the vast majority of real businesses are self funded. I saw a Wells Fargo study that concluded the average cost of a startup is $10,000. [...]
“I’ve got a great idea for a business, but I don’t have any money to get it started! Where can I get money from the government or find investors to help me start my business?” If I had a dime for every time I’ve been asked this question, I’d be wealthy enough to establish my [...]
I received this question in e-mail today: I am in the processes of developing a small business around what I have been told is a great idea by friends, family and SCORE. I am very near the manufacturing stage, which obviously requires venture capital and the manufacturing process. I’d like to present my idea to [...]
A Twitter friend (Matt Riopelle) asked me to help his friend (call him Ralph) find investors for his business. Offhand, even without knowing either of them, I’m sympathetic. After all, if you keep up with this blog, you’ll know it’s a topic I care about. And I’ve posted here about my recent experience as an angel investor (and [...]
Guy Kawasaki’s recent repost of his “The Art of Bootstrapping” reminds me how much I liked it when it first came out, along with Seth Godin’s “Bootstrapper’s Bible” and Thomas Frey’s “10 Rules for Bootstrapping Your Business.” This is the real world. Bootstrapping is often the only way to start, build and grow your business. [...]
Nice treatment of an important question in Bootstrapping or Fundraising, That Is The Question by Alyssa Royce on the Seattle Post-Intelligencer reader blog, Start Her Up: for Women Entrepreneurs. I’ve dealt with the same issue this blog addresses: The startup culture emphasizes raising money. But bootstrapping has some real advantages. Royce quotes several people and [...]
One of the little-recognized benefits of the bootstrapped startup is what happens with the phones. The founders answer. Looking back — I posted earlier today on this blog about Palo Alto Software history — I’m grateful for the slow bootstrapped growth of Palo Alto Software, which meant that I was answering the phone. In the [...]