Wise Wednesdays - No One Will Give You Money

Once in a while I come across an entrepreneur who really impresses me with their wisdom. Scott Gerber, is one these young sharp entrepreneurs (visit his website www.GerberEntertainment.com.)

Here is part of an article he wrote that I am copying verbatim. Read it. Know it. It’s the truth:

No one will give you money. There, I said it. No one will invest in you. If you need large sums of capital to launch your venture, go back to the drawing board. Find a starting point instead of an end point. Scale down pricey plans and grandiose expenditures. Simplify the idea until it's manageable as an early stage venture. Find ways to prove your business model on a shoestring budget. Demonstrate your worth before seeking investment. If your concept is successful, your chances of raising capital from investors will dramatically improve.

Cheers,

Dominik