Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.


ratings:
Length:
11 minutes
Released:
Sep 26, 2021
Format:
Podcast episode

Description

A lot of folks are starting their business happen to be also bootstrapped. The path to success for them and the issues that they face are very often similar. Here are three big tips in the one I recommend to anyone trying to start a business from bootstrapped place.  The number one most important thing did I recommend any business understand, is there numbers. You need to know: What is your allowable cost per acquisition What does Success look like for now, not just long-term And also how much can you afford to invest in solving business problems  The Second most important thing for bootstrapped start up businesses to understand is their systems. Do you have scalable solutions to repeated problems Do you have a system to handle hi touch workflows Do you have Documentation in Transparency around day today activity  The third most important thing that bootstrap start ups half to now… Is runway. How much money can you spend over how long, and was one result, for you to be able to maintain your path to success? If you lose $.50 on every dollar this month 30 next month 10 month after that and start making a profit six months from now is that OK? Can you lose $.15 on the dollar for the next year and a half? Ultimately, can you define success by various stages of losing less and less before you begin to see profit?  These are the three most fundamental skills that most bootstrap start up to succeed do well, and most to fail miss out on!
Released:
Sep 26, 2021
Format:
Podcast episode

Titles in the series (100)

Lessons from a $1B+ Revenue DTC and eCom Facebook Expert. Broad since ‘18 Creator of PSM & 3:2:2 Method Founder: Disrupter School Partner: Underoutfit Investor: Obvi