Thursday, May 6, 2010

Bootstrapping your business - Part I

I have been through a lot of seminars and conferences on 'Start-ups' and 'Entrepreneurship' and it seems everywhere there is an agreement that 'You need to run your business for a period , validate your concept/business model and before you can approach for funding'.

The key challenge lies in terms of keeping your offering small ( in terms of the capital/operating cost) yet affective and accelerating it through a very aggressive Sales model.

So it's very important to nail down your concept/idea in terms of 'Revenue Projection' and 'Expenses' and then see how much you can spent vs how much you will get.

Searching for ideas which can generate investors interest right at day 1

More in the next blog

1 comment:

  1. Excellent observations.. thats what I need to learn!

    ReplyDelete