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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. From backpackers to business owners.

Startup 119
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Global Impact: Social Entrepreneurship Companies

YoungUpstarts

Blake Mycoskie visited Argentina in 2006 and saw children walking in the streets outside Buenos Aires without shoes. For every pair of shoes sold, TOMS would provide a new pair of shoes to children in Argentina and other developing countries. What is your business model? Its slogan reads: “We don’t hire people to bake brownies.

Global 100
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Four Things To Consider When Taking Your Startup Global

YoungUpstarts

Consider your original business plan officially useless. Hire strategically. Pro tip: That hire can also check on language translations for cultural gaffes (see above). You need to hire anyway, so you may as well pick the talent that most suit your expansion plans. Consider this example.

Global 212