don’t spend money until you’re making money it’s one of the hardest things to
money it’s one of the hardest things to
money it’s one of the hardest things to do as an entrepreneur but one of the
do as an entrepreneur but one of the
do as an entrepreneur but one of the most important lessons that you can take
most important lessons that you can take
most important lessons that you can take because anybody can spend money if I
because anybody can spend money if I
because anybody can spend money if I gave you a million dollars I’m sure you
gave you a million dollars I’m sure you
gave you a million dollars I’m sure you can find a million different ways to
can find a million different ways to
can find a million different ways to spend it but making money is the
spend it but making money is the
spend it but making money is the challenge and I want to make sure that
challenge and I want to make sure that
challenge and I want to make sure that you’re still around
you’re still around
you’re still around I love bootstrapping up businesses but I
I love bootstrapping up businesses but I
I love bootstrapping up businesses but I want to make sure that if you are not
want to make sure that if you are not
want to make sure that if you are not still around in a couple of years
still around in a couple of years
still around in a couple of years because you’ve blown through all your
because you’ve blown through all your
because you’ve blown through all your money then you’re not gonna be there to
money then you’re not gonna be there to
money then you’re not gonna be there to realize the opportunity that’s ahead of
realize the opportunity that’s ahead of
realize the opportunity that’s ahead of you now question came in from Shelly was
you now question came in from Shelly was
you now question came in from Shelly was one of my readers who’s selling
one of my readers who’s selling
one of my readers who’s selling meatballs she’s had got gourmet chicken
meatballs she’s had got gourmet chicken
meatballs she’s had got gourmet chicken meatballs and she said if I’m gonna
meatballs and she said if I’m gonna
meatballs and she said if I’m gonna launch with no money can and should I
launch with no money can and should I
launch with no money can and should I get purchase orders from companies who
get purchase orders from companies who
get purchase orders from companies who be interested in purchasing the
be interested in purchasing the
be interested in purchasing the meatballs for their stores and
meatballs for their stores and
meatballs for their stores and restaurants absolutely try to line up
restaurants absolutely try to line up
restaurants absolutely try to line up the sales before we even make the
the sales before we even make the
the sales before we even make the product as much as possible if you’re
product as much as possible if you’re
product as much as possible if you’re making your own little gourmet meatballs
making your own little gourmet meatballs
making your own little gourmet meatballs then maybe you can make some in your
then maybe you can make some in your
then maybe you can make some in your kitchen just as samples but you don’t
kitchen just as samples but you don’t
kitchen just as samples but you don’t want to go out and spend tons of money
want to go out and spend tons of money
want to go out and spend tons of money on something and then not have it work
on something and then not have it work
on something and then not have it work out the worst thing you can do is spend
out the worst thing you can do is spend
out the worst thing you can do is spend all this money get lots of inventory and
all this money get lots of inventory and
all this money get lots of inventory and then find out that the market doesn’t
then find out that the market doesn’t
then find out that the market doesn’t want it and that’s a common mistake a
want it and that’s a common mistake a
want it and that’s a common mistake a lot of entrepreneurs make they have a
lot of entrepreneurs make they have a
lot of entrepreneurs make they have a great idea for a t-shirt line or food
great idea for a t-shirt line or food
great idea for a t-shirt line or food product or whatever it is and so you go
product or whatever it is and so you go
product or whatever it is and so you go out and if you’re gonna get somebody to
out and if you’re gonna get somebody to
out and if you’re gonna get somebody to manufacture it for you there’s these
manufacture it for you there’s these
manufacture it for you there’s these minimum orders so suddenly you’re now
minimum orders so suddenly you’re now
minimum orders so suddenly you’re now stuck with 10,000 t-shirts or frozen
stuck with 10,000 t-shirts or frozen
stuck with 10,000 t-shirts or frozen chicken dinners or whatever it is
chicken dinners or whatever it is
chicken dinners or whatever it is sitting in your garage and nobody wants
sitting in your garage and nobody wants
sitting in your garage and nobody wants it that’s what I want you to avoid so go
it that’s what I want you to avoid so go
it that’s what I want you to avoid so go out and start making sales see people
out and start making sales see people
out and start making sales see people want this get the purchase orders if
want this get the purchase orders if
want this get the purchase orders if people are saying yeah this is great
people are saying yeah this is great
people are saying yeah this is great then you can go out and spend the money
then you can go out and spend the money
then you can go out and spend the money too I’ll actually make them if all the
too I’ll actually make them if all the
too I’ll actually make them if all the feedback you’re getting is saying now
feedback you’re getting is saying now
feedback you’re getting is saying now we’re not interested then you’ve just
we’re not interested then you’ve just
we’re not interested then you’ve just saved yourself tons of time effort and
saved yourself tons of time effort and
saved yourself tons of time effort and dollars I’m not going down the wrong
dollars I’m not going down the wrong
dollars I’m not going down the wrong path
path
path with my first software business we made
with my first software business we made
with my first software business we made that mistake where we invested tons of
that mistake where we invested tons of
that mistake where we invested tons of time and energy into building this one
time and energy into building this one
time and energy into building this one feature that turns out nobody cared
feature that turns out nobody cared
feature that turns out nobody cared about we thought it was cool we thought
about we thought it was cool we thought
about we thought it was cool we thought it’d be really helpful
it’d be really helpful
it’d be really helpful my partners were in the field so they
my partners were in the field so they
my partners were in the field so they should know what we’re doing but nobody
should know what we’re doing but nobody
should know what we’re doing but nobody really cared about this feature now
really cared about this feature now
really cared about this feature now luckily we had enough that was still in
luckily we had enough that was still in
luckily we had enough that was still in the software that people would buy it
the software that people would buy it
the software that people would buy it but we wasted so much time going down
but we wasted so much time going down
but we wasted so much time going down the wrong path and from that moment on
the wrong path and from that moment on
the wrong path and from that moment on we started building only around our
we started building only around our
we started building only around our customers and we’ve talked to our
customers and we’ve talked to our
customers and we’ve talked to our customers and we said what would you
customers and we said what would you
customers and we said what would you like in the next version and our
like in the next version and our
like in the next version and our prospects what can we do to make this
prospects what can we do to make this
prospects what can we do to make this better for you and we charge them to
better for you and we charge them to
better for you and we charge them to make the product for them and then
make the product for them and then
make the product for them and then rolled it out to everybody else and so
rolled it out to everybody else and so
rolled it out to everybody else and so we only built new features in around
we only built new features in around
we only built new features in around what we knew our customers were
what we knew our customers were
what we knew our customers were interested in and that’s the right way
interested in and that’s the right way
interested in and that’s the right way to build a business and so I hope you
to build a business and so I hope you
to build a business and so I hope you learn from that you know that lesson my
learn from that you know that lesson my
learn from that you know that lesson my mistake of going down the wrong path you
mistake of going down the wrong path you
mistake of going down the wrong path you don’t want to invest tons of dollars
don’t want to invest tons of dollars
don’t want to invest tons of dollars into something because you think it’s a
into something because you think it’s a
into something because you think it’s a great idea
great idea
great idea get some justification from the market
get some justification from the market
get some justification from the market get them to say yes go out and get those
get them to say yes go out and get those
get them to say yes go out and get those purchase orders if you can get purchase
purchase orders if you can get purchase
purchase orders if you can get purchase orders you can get financing you can get
orders you can get financing you can get
orders you can get financing you can get the money you need to launch this thing
the money you need to launch this thing
the money you need to launch this thing if you can’t get purchase orders then
if you can’t get purchase orders then
if you can’t get purchase orders then maybe you shouldn’t do this business
maybe you shouldn’t do this business
maybe you shouldn’t do this business maybe you should find another way to
maybe you should find another way to
maybe you should find another way to stand another way to market another
stand another way to market another
stand another way to market another product to sell if nobody wants it then
product to sell if nobody wants it then
product to sell if nobody wants it then that’s a good indicator for you as to
that’s a good indicator for you as to
that’s a good indicator for you as to what you probably shouldn’t do so a
what you probably shouldn’t do so a
what you probably shouldn’t do so a great question good luck with it Shelly
great question good luck with it Shelly
great question good luck with it Shelly so those of you watching if you agree
so those of you watching if you agree
so those of you watching if you agree please give it a thumbs up below
please give it a thumbs up below
please give it a thumbs up below everybody who’s trying to bootstrap
everybody who’s trying to bootstrap
everybody who’s trying to bootstrap their business give it a thumbs up I
their business give it a thumbs up I
their business give it a thumbs up I love seeing those come in and you have a
love seeing those come in and you have a
love seeing those come in and you have a question for your business please leave
question for your business please leave
question for your business please leave in the comment section below I always
in the comment section below I always
in the comment section below I always read those and look forward to seeing
read those and look forward to seeing
read those and look forward to seeing what you have to ask I’ll see you soon
”
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