Bootstrapping with Charles Plant - Entrepreneurship 101

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Bootstrapping is the act of building your business from your own funds and revenue from customers, instead of raising money from outsiders such as angels and venture capitalists. This is the method that most start-up companies use to build their ventures. In this lecture, learn the pros and cons of bootstrapping, how to ensure your investment is protected and how to make smart decisions about where to invest money in your company. http://www.marsdd.com/events/details.html?uuid=afcdff36-d800-4973-a086-ea001ffc9eb8

Transcript of Bootstrapping with Charles Plant - Entrepreneurship 101

bootstrapping  

MaRS  Discovery  District  April  6,  2011  

Charles  Plant  

Slide  3  

Slide  4  

what  is  bootstrapping?  

Slide  5  

why  would  you  want  to?  

Slide  6  

the  best  companies  ever  

Slide  7  

some  facts  about  VCs  

Slide  8  

before  you  start  

Slide  9  

research  in  moKon  

Slide  10  

line  up  credit  ahead  of  Kme  

Slide  11  

pick  the  right  business  

Slide  12  

find  a  mentor  

Slide  13  

simple  business  plan  

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geNng  going  

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leverage  relaKonships  -­‐  microsoP  

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find  the  fox  

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find  the  pain  

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low  hanging  fruit  

Slide  19  

look  for  service  opportuniKes  

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land  a  sale  

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you  will  need  credibility  

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meeKng  big  compeKtors  head  on  

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solve  a  problem  

Slide  24  

get  some  revenue  

Slide  25  

low  overhead  

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leverage  suppliers  

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build  a  product  

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do  it  again,  and  again  and  again  

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and  then  what  

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once  you  have  

• products • reference accounts • a working business model • the right people • exponential growth

you  should  go  out  and  raise  money  

Slide  31  

quesKons?