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5 Lessons Learned Launching a Startup With No Plan, No Cash, and No MBA

Up and Running

In the summer of 2009, my wife and I caught the entrepreneurial bug and started a company without any prior business experience. We’d never hired anyone. We didn’t know anything about small business accounting or finance. We didn’t even know how to write a business plan. Suddenly, we were business owners.

Startup 119
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What is a Social Enterprise?

Up and Running

The Social Enterprise Alliance offers this definition: “In its early days, the social enterprise movement was identified mainly with nonprofits that used business models and earned income strategies to pursue their mission. In terms of legal structure, social enterprises have many options. What does a social enterprise look like?

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Who are the Major Revenue-Based Investing VCs?

David Teten

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. The average monthly operating expenses is $70,335.

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37 Entrepreneurs Share Their Favorite Inspirational Business Quote

Hearpreneur

Sometimes the client hires you, sometimes they don’t. In 2009, during a hunting trip in Montana, I realized there wasn’t a “go-to” brand on the Internet to research hunts and outfitters and connect with other people. But when you hire with the same attitude and end game you get so much more from individuals and for the company.

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52 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

When I began practicing law I was hired by a firm where billable hours and collected fees were the only considerations for advancement. Business growth was exponential as clients appreciated the client-centered approach. Soon, I had more work than I could handle, and had to hire another attorney and staff member.

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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

Overall, nonventure-backed companies fail more often than venture-backed companies in the first four years of existence, typically because they dont have the capital to keep going if the business model doesnt work, Harvards Mr. Ghosh says. Subscriber Content Read Preview. Subscriber Content Read Preview. District of Columbia.