Dear Entrepreneur,
Most startups require no investment capital. In fact, having too much money in the early stages of your business can be a hindrance to your ultimate success. Establishing constraints such as time or money will help keep you focused on the essence of your idea — where the value is created.
The objective of your early-stage business should be to validate your idea. Is your idea really as good as you envisioned and are people willing to pay for it? By applying lean startup methodology, you can quickly and effectively translate your idea into a working business model.
Once you can demonstrate that your business is viable (and scalable) the investment money will often find you. There is no shortage of investment capital, only entrepreneurs who have the courage and persistence to pursue their dreams and take their ideas from concept to working business model.
With love,
Chidi