If they invest just before your company goes public

or is acquired, a 3X return is good. But if a venture CONCLUSION Instituto Universitario de tecnología

We can summarize that an entrepreneur is a person De administración industrial
capital firm invests too early, it is probably looking
for a 7-10 times return. You cannot apply for a capable of emerging and achieving success in life either IUTA. Sede Baralt
loan in the first year of your business, as lenders by necessity or by opportunities that arise. The Unidad Curricular: Ingles de Negocio II
are unwilling to make a high-risk investment. This entrepreneur is his own business boss and the one who
makes the decisions about what to undertake. To be an Extensión Región Capital
option allows you to retain a much larger
percentage of your business. entrepreneur, it is not necessary to be a very prepared Profesor: Henry Rivero

person because the entrepreneur is authentic when he is

going to undertake a project, he does not need to copy

things.

If you decide to get started, keep your budget as

tight as possible to extend the life of your business.

How to Become an

Entrepreneur With No
Money or Experience

The advantages of incorporating

Rather, as a sole proprietor, anyone who sued your

business is suing you. You can sell part of your

property in a company, transfer it or give it away.

BIBLIOGRAPHY

The disadvantages of incorporating https://blog.hubspot.com/sales/how-to-become-an-

As mentioned above, entrepreneurs often grow
entrepreneur
their startups by bootstrapping, through small
business loans, or by securing funds from

Alumno: Mansilla Ezequiel
investors. CI: 29.802.342

Sección: 222A1

Turno: Mañana

Financial resources Caracas, Noviembre, 2021

The National Venture Capital Association and Gust
can help you raise venture capital.

 How to become an entrepreneur without Get your free template How to obtain funds to start a business?
money or experience? Many people start successful businesses after

noticing a gap in the market. If you can offer an You will have to divide the capital. If you are the
Identify profitable ideas for startups. Identify and existing product at a lower price, better quality, or sole owner of your business, start with 100%
focus on a growing category. Validate your startup ideally both, you will have a lot of customers. equity. As time goes on and you hire more people
idea by researching the buyer's personality. Start
and / or receive funds, you will distribute that
with a minimum viable product. Other Suggestions capital, but you are likely giving 0.005% to 35% to

Ask everyone to come prepared to discuss a certain a single entity, depending on who they are. If you

product category or question, such as "What is your have a co-founder, you are automatically giving up
Create a business plan. Find a co-founder. Identify favorite type of X and why?" or 'Do you use 40-60% of your company in one go.
profitable startup ideas. A successful startup starts something to achieve Y? Why or why not? » The

with an idea. answers can lead to great ideas. Before you go all

out, you need to know that other people will really

want your product. To safely assess your product's

viability in the marketplace, start by understanding

your buyer persona - that is, the real people you

With that in mind, start by asking your friends what plan to sell to. If your product doesn't fill a need, How to get funds to start a business
frustrates them. As you think, ask your friends to they won't be interested, no matter how innovative Apply for a small business grant. Request venture
keep track of the everyday things that bother them. or cool. capital. Federal, state, and local governments have
Seeing what other people have come up with can be
programs to help small businesses, including low-
a great way to jump-start your own thought process.
interest loans, venture capital, and grants. Most
Identify trends to prepare your idea for the future.
businesses are not eligible, so you may not find


anything.

If you want to test the interest of the market before

creating something, create a landing page that

describes your product or service.

Read the trend predictions for your industry or

market, or check out universal trend prediction

publications like Trend Hunter and Springwise.

This method not only generates capital, it can also
Licensing expert and intellectual property strategist As an entrepreneur, your job is to establish your
Stephen Key recommends choosing a category that company's mission, vision, and long-term and short-
fascinates you but is not overly competitive. "You term goals. As you do this type of strategic
will find it easier to license your ideas if you focus planning for your company, the business plan is an
on product categories that are growing and are outcome of your work and helps guide the growth
receptive to open innovation." After choosing a of your startup. Whether or not multiple founders
category, Key says that you should study all the contribute to a company's success, many venture
products in that category. capitalists believe they do.
help you get early feedback on the product, brand
awareness, and sometimes if you have an
interesting story or a particularly interesting
product, press. Angels look for early stage
companies that can 10 times or more their
investment. They will receive capital in return.
Venture capital firms are looking for young private
companies.