Professional Documents
Culture Documents
No No: Capital Collateral
No No: Capital Collateral
No collateral
NO
No problem
Perception vs reality
I am going to write a business plan, send it off to the major Venture Capitalists and then take outside nding from the one that gives me the best valuation and the best terms on the deal
Perception vs reality
I am going to write a business plan, send it off to the major Venture Capitalists and then take outside nding from the one that gives me the best valuation and the best terms on the deal
10 months later
I am going to have to make the most of what I already got and start my business using alternative forms of capital
Alternative Capital
Energy and Passion
Alternative Capital
Energy and Passion Knowledge and Skills
We control the most critical resource of our times: our own brains. Power is transferred from the capital investors to the competence investors.
Jonas Ridderstrale & Kjell Nordstrom Funky Business
Alternative Capital
Energy and Passion Knowledge and Skills Time and Effort
Alternative Capital
Energy and Passion Knowledge and Skills Time and Effort Resilience and Tenacity
There is a very, very, very ne line between success and failure . it is about being constantly hammered and coming back from the hard times and low moments.
Robbie Brozin Nandos
Alternative Capital
Energy and Passion Knowledge and Skills Time and Effort Resilience and Tenacity Networks and Connections
No person can do this alone, not Richard Branson, not Bill Gates, nobody. You need to link up with people who compliment your skills
Robbie Brozin Nandos
Nothing the slightest bit amazing has ever been done in isolation. Individual competitiveness = what you know x who you know
Jonas Ridderstrale & Kjell Nordstrom Funky Business
and Passion Knowledge and Skills Time and Effort Resilience and Tenacity Networks and Connections
Alternative Capital
Take away my people, but leave my factories, and soon grass will grow on the factory oors. Take away my factories, but leave my people, and soon we will have a new and better factory.
Andrew Carnegie
BOOTSTRAPPING
1. Self
Self
Break the golden handcuffs
- Start saving - Live on less Either you want this and you will make the sacrices or you dont want it and you should keep your current job
Self
Break the golden handcuffs DIY
You will be amazed at just how much YOU can do if you put your mind to it
Paul Simon launched his rst YDE Store for less than R20000. He did all the shop tting himself, got his mom to make sandwiches for the launch party and used a toolbox for a cash register in the rst month of trading 10 years later he sold YDE for more than R200 million.
Self
Break the golden handcuffs DIY Back yourself
Research shows that the things that set entrepreneurs apart from the rest of the population are self condence and optimism
2. Services
Services
Work in parallel
Sell your time while you build your product - selling times creates cash ow
Services
Work in parallel Keep the end in mind
Nkhesani rst did designs clothing design on an item by item basis for clients to generate cash ow she now owns an international clothing brand and chain of retail stores. Her end was always to go global but she needed to start somewhere.
3. Start
Start
Ship then test
Start
Ship then test Get going
You dont need and MBA, a PhD or any other fancy letters behind your name to start a business what you do need to do is GET STARTED
4. Sell [upfront]
See www.biz-box.net
5. Suppliers
Suppliers
Extend credit
Suppliers
Extend credit Partner and barter
7. Cash
Cash
Cash ow vs prot
Cash
Cash ow vs prot Bank balance is your truth
Cash
Cash ow vs prot Bank balance is your truth Timing
Cash
Cash ow vs prot Bank balance is your truth Timing Know your numbers
1. Self 2. services 3. Start 4. Sell [UPFRONT] 5. Suppliers 6. Swap and share 7. Cash