For aspiring entrepreneurs with a little start up capital like myself there is only one way to get started - learn, take actions and pivot but I've always wondered what approach do entrepreneurs with little more capital take?
I would like some opinions based on personal experiences or knowledge on the hypothetical situation below:
So, you've got $100k - $200k in liquid capital burning a hole in your pocket, and you're eager to dive into the world of direct-to-consumer (D2C) e-commerce or any startup.
Now, the question arises: should you outsource everything from branding, web design, and marketing, or should you keep things in-house and become an expert at least in some skill sets?
I understand even if you outsource everything you need to have a basic understanding to effectively manage your vendors. The question is, if you have a larger capital what would your approach be to start a brand from ground up? Would you spend money instead of learning a skill?
How would you strike a balance?
I would like some opinions based on personal experiences or knowledge on the hypothetical situation below:
So, you've got $100k - $200k in liquid capital burning a hole in your pocket, and you're eager to dive into the world of direct-to-consumer (D2C) e-commerce or any startup.
Now, the question arises: should you outsource everything from branding, web design, and marketing, or should you keep things in-house and become an expert at least in some skill sets?
I understand even if you outsource everything you need to have a basic understanding to effectively manage your vendors. The question is, if you have a larger capital what would your approach be to start a brand from ground up? Would you spend money instead of learning a skill?
How would you strike a balance?
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