Starting a Business the Old Fashioned Way
We tend to get so caught up in the latest & greatest technology as we start and grow a small business, that we lose sight of the basics sometimes. I was 24 years old when I started my small business, a recruiting practice. I used $5,000 in personal savings and another $5,000 I received from my grandparents’ estate to move to Michigan from Pennsylvania and start my dream business.Within 30 days I had my first client and that’s how I paid the bills until I got my next client, and so on. That bootstrapping money raising strategy lasted 19 years until I joined the StartupNation team in 2004. I was definitely a poor risk for a bank loan, friends & family or angel investors. Venture capital? Forget about it – I wasn’t interested in building the next Google and wasn’t opening a capital intensive business like a restaurant. I just wanted to be self employed and be directly responsible for my own successes and failures.
All I’m saying is that you don’t have to necessarily let something like money stand in the way of starting a business. Grab a customer and get started.
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