Before you start chasing after your dream of millions…
Not every entrepreneurial endeavor needs to start with millions in funding
We hear about it all the time — a small startup with a great idea raises millions of dollars through angel investors. However, not every entrepreneurial endeavor needs to start with an obscene amount of funding. Sometimes, money itself becomes distractionary and it gets wasted on prime location office spaces, fancy desks, and overpriced decorations.
Sometimes, these million-dollar funded ideas struggle to get out of the red and their founders find themselves struggling to make ends meet. It’s not uncommon. According to Harvard Business School, 75% of venture capital (VC) backed business fail.
This is because starting a company is easy.
Making a profit, however, is a bit harder. That’s why it’s better to focus your energy on figuring out how to make that first $100k rather than that first million.
Why $100k?
So why aim for $100k instead of a million? I’ve got another question for you — how are you going to make that million if you don’t know how to get to that first $100k?
$100k is merely a milestone towards whatever end goal you want for yourself. It may be a million. It…
