Broke Tycoon
Buy, Learn , steal, and borrow: Effective business and marketing techniques for Entrepreneurs with lesser means or on a budget
Posts Tagged ‘Start Up’
The startup culture is taking business America by storm, every where you look there seems to be a group of young people starting up a company. Before you know it they get funded, and the ineluctable feature on Tech Crunch follows. These startups have become more and more transparent, they seemingly have no problem showing [...]
4 Tips For Self-Funding Your Startup
In: Broke Tycoon
28 Jul 2010Many entrepreneurs have no option but to self fund their startups these days, most banks are still not ready to hand out loans and most venture capitalist are increasingly becoming more frugal. If you’re in this position, you might think you’re at a disadvantage because of your inability to grow as fast as other well [...]
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- Tags: Finance, Funding, Income, Start Up, Startup, Venture Capitalist
The Perks Of Bootstrapping Your Startup
In: Broke Tycoon
3 Jun 2010Are you an entrepreneur still dreaming of a fortuitous meeting with a venture capitalist with deep pockets? Wake up! Trust me your startup will have a higher chance at success if everything invested in it is solely yours. It’s a simple equation really, your money = you’ll do everything in your [...]
As a web entrepreneur, I’ll rather bootstrap my start up with a shoe string budget than succumb to the terms of a venture capitalist. Fortunately for us headstrong entrepreneurs we have pay per click as an affordable medium to market our goods and services, but how do we use it effectively?
Experiment And Test Often
Since the [...]
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- Tags: advertising, bid, campaign, Pay Per Click, PPC, Start Up, Startup
After you’ve gathered your resources, done your research, and mapped out your plan; you are left with pulling the trigger and taking that final leap of faith. But that final leap is always very scary for entrepreneurs, a bad landing could lead to a shaky start or even worse, some might not even land [...]
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- Tags: Competitors, Failure, Fear, Finance, Start Up, Startup
How Not To Run A Business: 10 Simple Tips
21 Mar 2010RULE #1 DON’T ASSUME WINNING AN AWARD MEANS PEOPLE KNOW WHO YOU ARE AND WHERE YOU ARE.
RULE #2 NEVER APPOINT YOURSELF CEO IF YOU HAVE NO EXPERIENCE IN THE INDUSTRY OR HAVE NO OTHER EMPLOYEES.
RULE #3 IF YOU LOOSE ALL POWERS OF COMMUNICATIONS UNDER PRESSURE , YOU SHOULDN’T BE IN CHARGE OF RUNNING A BUSINESS.
RULE [...]
Starting a business from scratch is no easy task, the initial excitement often clouds ones judgment; and what you thought was a great idea suddenly becomes “what was I thinking” when the intoxicating effect of the deceiving adrenaline eventually wears off. Unfortunately I write this post with vast experience on this [...]
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- Tags: BrokeTycoon, Business, cost, Marketing, Mistakes, Start Up, Startup
5 Reasons you SHOULDN’T keep your job when starting up
In: Business Tips| Job| Risk Taking| Start Up
17 Dec 2009Hypocrisy feels weird, like Pam Anderson’s asymmetrical silicon filled twins. The reason I bring up hypocrisy is that my astute readers would have noticed the immense emphasis I’ve put on retaining that treacherous 9 to 5 while making the transition to be your own boss. But remember that famous Einstein saying that says: insanity is [...]
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- Tags: Business, Jobs, Risk, Start Up
Reality Check: 4 things you need to settle before you startup
In: Business Tips| Risk Taking| Start Up
12 Dec 2009Before jumping into the immensely unstable waters of starting a business, you should have a checklist; sort of like life preservers to keep you afloat in case your business happens to run head first into an iceberg. Here’s what mine looks like:
1) A basic business plan:
You can never go wrong when you go simple. Although [...]
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- Tags: Business, Risk, Start Up
The Hardships Of Entrepreneurial Life
3 Dec 2009It’s 2:00am on a Monday morning(well it was when I started this post) and I’m sitting at a Rutgers library posing as my girlfriend just to use one of the million iMacs they’ve got here. It’s amazing I don’t know how I managed to convince the library monitor or whatever you call these little bastards [...]
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- Tags: Entrepreneur, Risk, Sacrifice, Start Up
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- Jimi Olaghere: Yea, all you need with your idea is a bit of hard work [...]
- Finley Mitchell: the best way to become a millionaire is to become an entrepreneur;"~ [...]
- Jimi Olaghere: Thanks Ernesto, it easy to forget the basics are what really works. [...]
- Ernesto: I like this. It's like a "let's get back to the basics" type of post. Yes, if someone labels you [...]
- Jimi Olaghere: Honestly just get the iPad, although it has it's shortcomings you would be pleased with it. [...]
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