bootstrapping - a guide to get to pursue your calling - startupbootcamp istanbul
DESCRIPTION
If you're looking to startup and need to focus on your expenses and capital to launch, this is a great resource that is simple and easy to understand.TRANSCRIPT
BOOTSTRAPPING A guide to get
to pursue your calling
STARTUPS ARE HARD
BUT VERY REWARDING
The Challenge
START thinking • Money Saved? • Product? • Sales? (Ramen Profitable) • Should you quit your day job?
Recipe for Survival
RUNWAY = Revenue +Savings -Personal Cash Burn (PCB) -Venture Cash Burn (VCB)
The RUNWAY
PCB : PERSONAL CASH BURN The Money You Spend Monthly
LIVING EXPENSES
FOOD OTHER
VCB : VENTURE CASH BURN
OFFICE
SERVICES OTHER
Think of all your potential expenses.
Your RUNWAY
CASH ON HAND (PCB +VCB)
= POTENTIAL MONTHS OF EXSISTENCE (PRE-REVENUE)
FINDING LIGHT
LET’S LOOK AT YOUR BUDGET BE HONEST. WHAT CAN YOU CUT? WHAT WILL YOU SACRIFICE?
SAVINGS / CASH ON HAND
/ PERSONAL + VENTURE
ARE YOU DEAD IN 6 MONTHS?
WHAT CAN YOU LIVE WITHOUT?
GREAT BOOTSTRAPPING
RESOURCES
RESOURCES FOR BROKE ENTREPRENEURS http://www.fortunepick.com/blog-article/best-productivity-tools-for-early-stage-startups http://steveblank.com/tools-and-blogs-for-entrepreneurs/ http://www.quora.com/What-are-the-best-resources-for-bootstrapping-a-startup
STARTUPBOOTCAMP ISTANBUL.