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

Up and Running

We didn’t know anything about small business accounting or finance. Within two weeks I landed a remote copywriting job that eventually turned into a job managing a collection of tourism-related websites. If not, it’s time to get good at finding employees and hire an expert. We’d never hired anyone.

Startup 119
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Who are the Major Revenue-Based Investing VCs?

David Teten

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. Alternative Capital. “ You qualify if you have $5k+ MRR.

Revenue 60
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6 Things to Consider Before Entering a Market

Up and Running

For example, the farm and ranch real estate market in Montana is composed of a few large firms and hundreds of mom and pop shops, so it is very fragmented. Wages: Calculate how many employees you’ll need and how much you can afford to pay them. To minimize costs, look for used equipment.

Marketing 111
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37 Entrepreneurs Share Their Favorite Inspirational Business Quote

Hearpreneur

It’s important for management to remember that a commitment to professional development is essential to attracting and retaining good talent, as well as advancing the capability, the reliability, and ultimately, the profitability of the organization. He decided to read only educational and thought inspiring books pertaining to finance.

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52 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

I was driven by my desire for freedom and that’s what I got; along with an amazing opportunity to help transform my employees’ and my client’s lives through homeownership and real estate. I have encountered numerous companies with bad customer service, or bad financial management, or unprofessional stuff, you name it.

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

online.wsj.com

Management. At its peak, in 2010, Goodmail had roughly 40 employees. How well a failed entrepreneur has managed his company, and how well he worked with his previous investors, makes a difference in his ability to persuade U.S. Both studies counted only incorporated companies with employees. Finance, Banking, Loans, etc.

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Blitzscaling Beyond Startups

Reid Hoffman

It’s costly in a variety of ways, from lower operational efficiency to higher capital expenditure and employee (and founder) burnout. This tends to happen more in the world of finance — think of the farsighted investors from “The Big Short” who bet against the subprime mortgage market. Blitzscaling isn’t a free option.

Startup 28