In this inaugural episode, I decided cull questions from conversations that I have had with aspiring entrepreneurs, entrepreneurs and small business owners with the hopes that my listeners can glean some insights on how to enhance their success efforts.
TIME MANAGEMENT
Question 1: Between my full time job and my kids, I have no time to dedicate to opening my own business. Help!
Tick, Tick, Tick... |
In the coming weeks, I will be pod casting about specific time management tips as they relate to productivity planning.
PROPRIETARY RISK
Weigh the Risk |
If you are concerned about publicly sharing proprietary ideas; it is a risk and a valid concern. But it's up to you to weigh that risk. Do you need a cash infusion? With that cash infusion, can your product/idea come into fruition? If no, then I would not go with a public crowdfunding campaign or I would chose to phase fund to minimize the risk.
I NEED MONEY
Question 3: I am an aspiring entrepreneur. I have what it takes to be an entrepreneur but I need money first! It seems like a never ending circle. Where can I turn for start-up capital?
Drip, Drip, Drip... |
I suggest joining an amazingly supportive community with 15,500+ members that I co-moderate: Entrepreneurs, Self Employed and Small Business.
OK but, Where to find funds?
If you are located in the US, you can apply for small business and start-up loans via the Small Business Administration. You can also search for grants, sponsorships and competitions. If you are here, you have probably already tried those options and are seeking more. Try this:
- Merchant Processing Resource (this is the one I mentioned in the podcast- re: +Sean Murray )
- Crowdfunding ( +Kickstarter +Indiegogo +Gofundme )
- Drip methods
Listen to the show and continue the conversation by using the hash tag #RachaelChats (across platforms) or by commenting below.
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