Updated: December 11, 2021
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Episode Chapters:
- 01:07: Entrepreneurial Journey
- 05:26: What is Capital?
- 10:24: Business Planning
- 18:30: Episode Break
- 20:54: Raising Capital
- 29:11: Micro Business
- 36:04: Winners Find Ways
Excerpts and Highlights:
You need capital to build a business. But you don’t need financial capital to start a business. Having financial capital will just make it faster and easier to start.
When starting a business, the first step is to create a business plan (not raising capital).
Entrepreneurs that created a business plan are more likely to get seed funding than those who didn’t have one.
Winners find ways to win.
Article mentioned: Do You Need a Business Plan? Scientific Research Says Yes by Noah Parsons.
For further reading: Business Capital Sources: The Pros and Cons of Each Funding Option
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