Upload
mars-discovery-district
View
1.073
Download
0
Embed Size (px)
DESCRIPTION
Bootstrapping is the process of building your business from your own funds and the revenue from customers, instead of raising money from outsiders such as angels and venture capitalists. This is the method most startups use to build their companies. In this lecture, Charles discusses the formula for successful bootstrapping, including what to do before and during the growth of your startup.
Citation preview
bootstrapping MaRS Discovery District April 10, 2013 Charles Plant
Slide 3
what do these companies have in common?
Slide 4
Slide 5
what is bootstrapping?
Slide 6
why would you want to?
Slide 7
the best companies ever
Slide 8
100,000 new businesses
Slide 9
1850 look for funding
Slide 10
30 exits
Slide 11
some facts about VCs
Slide 12
research in moMon
Slide 13
before you start
Slide 14
line up credit ahead of Mme
Slide 15
find a mentor
Slide 16
pick the right business
Slide 17
geOng going
Slide 18
find the pain
Slide 19
simple business plan
Slide 20
earn some consulMng revenue
Slide 21
start building your product
Slide 22
ramping up
Slide 23
leverage relaMonships -‐ microsoQ
Slide 24
find the fox
Slide 25
look for service opportuniMes
Slide 26
solve a problem
Slide 27
low hanging fruit
Slide 28
land a sale
Slide 29
you will need credibility
Slide 30
meeMng big compeMtors head on
Slide 31
get some revenue
Slide 32
low overhead
Slide 33
keep costs variable low fixed costs
Slide 34
find employees who will share the risk
Slide 35
leverage suppliers
Slide 36
build a product
Slide 37
figure out your business model
Slide 38
do it again, and again and again
Slide 39
and then what
Slide 40
once you have
• products • reference accounts • a working business model • the right people • exponential growth
you should go out and raise money
Slide 41
quesMons?
@cplant materialminds.com/blog