Starting A Business
The Old Way
By the time you felt like you had a product that’s ready to go and were ready to launch, you’d have probably spent 2-4 years of your life, $50,000 to $500,000, and probably felt and looked something like this:
- Come up with an idea.
- Spend 3-4 months writing a business plan.
- Go to a bank for financing.
- Get rejected by the bank.
- Approach another bank.
- Repeat steps 4 and 5 several times.
- Get financing.
- Spend 6-12 months building a prototype.
- Spend 3-6 months customer testing.
- Build the product.
- Approach the bank for production and marketing $$$.
- Repeat steps 4 and 5 again.
- Get 2nd round of financing.
- Launch your business.
- Pray.
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