find a low-cost way to start and test your business it’s one of the best ways
your business it’s one of the best ways
your business it’s one of the best ways to get started and we’ll make sure you
to get started and we’ll make sure you
to get started and we’ll make sure you don’t end up bankrupt I got a question
don’t end up bankrupt I got a question
don’t end up bankrupt I got a question from one of my readers mailing who wrote
from one of my readers mailing who wrote
from one of my readers mailing who wrote in saying she wants to start a small
in saying she wants to start a small
in saying she wants to start a small party supply store in her area she feels
party supply store in her area she feels
party supply store in her area she feels like it’s needed in her local market and
like it’s needed in her local market and
like it’s needed in her local market and one of my advice on how to get started
one of my advice on how to get started
one of my advice on how to get started because she doesn’t have any money to do
because she doesn’t have any money to do
because she doesn’t have any money to do it this is a great question mailing and
it this is a great question mailing and
it this is a great question mailing and congratulations I want to start this
congratulations I want to start this
congratulations I want to start this business I’m excited for you here’s what
business I’m excited for you here’s what
business I’m excited for you here’s what I want you to avoid I don’t want you to
I want you to avoid I don’t want you to
I want you to avoid I don’t want you to go open a store spend tons of money
go open a store spend tons of money
go open a store spend tons of money doing this buying supplies renting a
doing this buying supplies renting a
doing this buying supplies renting a location being locked into a long term
location being locked into a long term
location being locked into a long term lease hiring employees and it doesn’t
lease hiring employees and it doesn’t
lease hiring employees and it doesn’t work out that’s a scenario for most
work out that’s a scenario for most
work out that’s a scenario for most entrepreneurs and I really don’t want
entrepreneurs and I really don’t want
entrepreneurs and I really don’t want that to be you so my Rick my advice my
that to be you so my Rick my advice my
that to be you so my Rick my advice my recommendation is start small test it
recommendation is start small test it
recommendation is start small test it out see if this works see if it works
out see if this works see if it works
out see if this works see if it works and see if this is something that you
and see if this is something that you
and see if this is something that you enjoy doing or not I would find a store
enjoy doing or not I would find a store
enjoy doing or not I would find a store or location that is in your target
or location that is in your target
or location that is in your target market and find a way to partner up with
market and find a way to partner up with
market and find a way to partner up with them find a way to have a small section
them find a way to have a small section
them find a way to have a small section of their store or do something outside
of their store or do something outside
of their store or do something outside in the summer some way to test your
in the summer some way to test your
in the summer some way to test your market so you don’t have all the huge
market so you don’t have all the huge
market so you don’t have all the huge costs that are associated with starting
costs that are associated with starting
costs that are associated with starting up your own location maybe you exhibit
up your own location maybe you exhibit
up your own location maybe you exhibit at an event that’s sponsored by you know
at an event that’s sponsored by you know
at an event that’s sponsored by you know events that are put on by local
events that are put on by local
events that are put on by local charities find a way to test out if that
charities find a way to test out if that
charities find a way to test out if that area is going to work for you or not
area is going to work for you or not
area is going to work for you or not before you go investing a lot of money
before you go investing a lot of money
before you go investing a lot of money and time into it I remember when I was
and time into it I remember when I was
and time into it I remember when I was starting a software company
starting a software company
starting a software company I wanted a location
I wanted a location
I wanted a location but it was going to cost a lot of money
but it was going to cost a lot of money
but it was going to cost a lot of money you know rent in a location cost money
you know rent in a location cost money
you know rent in a location cost money and so I made a deal with the local
and so I made a deal with the local
and so I made a deal with the local venture capital company and said I want
venture capital company and said I want
venture capital company and said I want to start this new business I see you
to start this new business I see you
to start this new business I see you have a couple desks open can I work from
have a couple desks open can I work from
have a couple desks open can I work from your office and the deal we made was
your office and the deal we made was
your office and the deal we made was they would give me space and they would
they would give me space and they would
they would give me space and they would give me advice and ideas these are all
give me advice and ideas these are all
give me advice and ideas these are all guys in their 60s or 70s and I would
guys in their 60s or 70s and I would
guys in their 60s or 70s and I would help bring them new potential clients
help bring them new potential clients
help bring them new potential clients and also some advice around technology
and also some advice around technology
and also some advice around technology something I was good at naturally and so
something I was good at naturally and so
something I was good at naturally and so I incubated my company out of their
I incubated my company out of their
I incubated my company out of their office we both benefited from the
office we both benefited from the
office we both benefited from the relationship I didn’t have to pay
relationship I didn’t have to pay
relationship I didn’t have to pay anything and I had a prestigious address
anything and I had a prestigious address
anything and I had a prestigious address one that would normally cost thousands
one that would normally cost thousands
one that would normally cost thousands of dollars a month to have and so you
of dollars a month to have and so you
of dollars a month to have and so you have to find a way to get started on a
have to find a way to get started on a
have to find a way to get started on a small scale without spending a lot of
small scale without spending a lot of
small scale without spending a lot of money have the big goal I want that for
money have the big goal I want that for
money have the big goal I want that for you I want you to have your million
you I want you to have your million
you I want you to have your million dollar idea
dollar idea
dollar idea it’s great don’t lose sight of that but
it’s great don’t lose sight of that but
it’s great don’t lose sight of that but act small you have to protect your
act small you have to protect your
act small you have to protect your downside risk
that’s the best way to get started
that’s the best way to get started that’s my advice for you because I don’t
that’s my advice for you because I don’t
that’s my advice for you because I don’t want to make I don’t want to see you
want to make I don’t want to see you
want to make I don’t want to see you going bankrupt it’s the common mistake
going bankrupt it’s the common mistake
going bankrupt it’s the common mistake that most entrepreneurs will take so
that most entrepreneurs will take so
that most entrepreneurs will take so good luck good luck with that those of
good luck good luck with that those of
good luck good luck with that those of you watching if you agree if you think
you watching if you agree if you think
you watching if you agree if you think you’re going to bootstrap your business
you’re going to bootstrap your business
you’re going to bootstrap your business if you’re currently bootstrapping your
if you’re currently bootstrapping your
if you’re currently bootstrapping your business give this video a thumbs up I
business give this video a thumbs up I
business give this video a thumbs up I love seeing those come in and makes my
love seeing those come in and makes my
love seeing those come in and makes my day all the time
day all the time
day all the time and if you have a question for your own
and if you have a question for your own
and if you have a question for your own business I’d love to try to help you out
business I’d love to try to help you out
business I’d love to try to help you out if you won’t leave it in the comment
if you won’t leave it in the comment
if you won’t leave it in the comment section below
section below
section below so thank you and I’ll see you soon
”
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