My Library and Courses
Last Update: Saturday September 18, 2021

Money at Step 1

Why should anyone risk money on you?

  Four Steps to start and run All of us
Step 1. Initial Idea $
Step 2. Start-up $$
Step 3. Incubate $$$
Step 4. Sole proprietor $$$
  Four to run and grow a business orngeldy.gif
Step 5. Employer $$
Step 6. Growth $$$
Step 7. Sustainability $$$$
Step 8. Exit at the top $$$$

At every step there are key questions about life and you:

1. Focus on how you order your life.

Do you have your own house in order?  Are you servicing debt or are you saving?  Are you really willing to sacrifice and struggle? 

2. Focus on relations and symmetries

Do the people around you think it is a good idea?

3. Focus on the dynamics of your day  

What is the best and highest use of your time?  There is very little harmony in the first step.  The playing field is so large and there are so many players, it is just difficult to know what to do next.  But, you have to do it.

4. Focus on integrating it all:  Are you ready to work harder than you ever have in your life?

If not, don't start.  Keep your daytime job.   

The homepage for the section about Money.

It is all about Personal Savings                                  Overview - orientation

Yes, you will need personal savings to start a business.  It is a good discipline to eliminate your debt and begin to save a little money.

Some people say, "Have at least 18 months salary." Others get started by "keeping their daytime job."  Just a few -- those who've have had  plenty of experience and are known for their work in the industry -- can ask others to participate at this step along the path.

Along this eightfold way, different kinds of money become available to you. 

If your idea is truly remarkable and you have that deep track record within an  industry, you just might get lucky and leap frog to consider the money available to those at Step 4.  You will need a rock-solid business plan and some financial projections. 

Stay right here:  So, if you are just starting with an idea, and you have limited depth of knowledge and experience within the industry, stay right here. 

You will want to meet a few of our friends.  Albert Black worked two jobs -- a full-time job at night and the new business by day. He said,  "At night I perfect ed my computer skills."   And he did it not for just a few months, Albert worked that second job for ten years to keep his new business afloat.

So, start saving some money.  While you are saving, work on your business plan.  

According to research done by VISA Business Card Primer and by the Small Business Administration, most businesses are started with personal savings and less than $10,000. This is good to know, however, if you want to grow, it does take cash.

Start saving today. Albert teaches his people to be 20% - 25% savers!

About the Online Workshop - Case Studies

Learning through other people's stories - Metaphors and Analogies

To learn something new, each of us compares it to things that we know.  But, to really know something, we all need to ask questions.  We explore all the dimensions and relations around that new concept, insight, or information.  As much as possible, we explore how this new information fits in with our history.

Do you want to make money or do you want to do something of value?

When you create something of value, people will buy it.  What is your value equation and how will it become your unique selling proposition?  Get to work on  your business plan.

Go to the discussions in Step 1 and review those case studies.