Forget the money.
That’s the benefit of having it, you don’t have to worry about it.
Focus on the system. A business is made up of logical premises that support why it’s a good business. You have to prove the basics and figure them out and then you go from there.
Run the numbers, make benchmarks, and go about proving each premise as quickly as possible.
1. Can the workers do the work?
2. Can you get the customers for an acceptable CAC?
3. Can you hit a target gross profit margin?
Etc.
This isn’t done with money it’s done with action and giving your attention to the business.
Then, as you build, you can grow it a bit quicker. If you can get customers, have the employees work, and everything’s nice, but you want to ramp up ads and make more money, go ahead and throw a chuck of your savings at that, only when you have proven a few key premises true first to support why this is a good business.
As far as getting started, everyone seems to find a way to allocate each dollar even when they don’t need to.
You should buy a domain and get a quick Wordpress site up this afternoon, get a Google business listing if relevant, get a free crm, and start doing business. Whatever you need it probably isn’t much.
Nowadays if I want to start something up I can make something look like a pro company with a website, online presence, business phone line and a pro IVR menu, hooked up to a 24/7 answering service with scripts and booking software. All within a day. Emails are all “____@companydomain.com”, and all that stuff. I have Facebook ads people to manage accounts. If I want someone to film an ad video I have a guy who does UGC videos. Anything else you can get some person on fiverr to whip it up in a day. If I need a program I’m friends with a tech startup guy who went to Oxford and can whip me up some python script.
It’s all about speed. Always be fast. Get your shit to market quick, get feedback quick, make money quick. Money loves speed.
That’s the benefit of having it, you don’t have to worry about it.
Focus on the system. A business is made up of logical premises that support why it’s a good business. You have to prove the basics and figure them out and then you go from there.
Run the numbers, make benchmarks, and go about proving each premise as quickly as possible.
1. Can the workers do the work?
2. Can you get the customers for an acceptable CAC?
3. Can you hit a target gross profit margin?
Etc.
This isn’t done with money it’s done with action and giving your attention to the business.
Then, as you build, you can grow it a bit quicker. If you can get customers, have the employees work, and everything’s nice, but you want to ramp up ads and make more money, go ahead and throw a chuck of your savings at that, only when you have proven a few key premises true first to support why this is a good business.
As far as getting started, everyone seems to find a way to allocate each dollar even when they don’t need to.
You should buy a domain and get a quick Wordpress site up this afternoon, get a Google business listing if relevant, get a free crm, and start doing business. Whatever you need it probably isn’t much.
Nowadays if I want to start something up I can make something look like a pro company with a website, online presence, business phone line and a pro IVR menu, hooked up to a 24/7 answering service with scripts and booking software. All within a day. Emails are all “____@companydomain.com”, and all that stuff. I have Facebook ads people to manage accounts. If I want someone to film an ad video I have a guy who does UGC videos. Anything else you can get some person on fiverr to whip it up in a day. If I need a program I’m friends with a tech startup guy who went to Oxford and can whip me up some python script.
It’s all about speed. Always be fast. Get your shit to market quick, get feedback quick, make money quick. Money loves speed.
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