The pressure to raise millions of dollars in funding may not actually lead to success for entrepreneurs, with many investors taking bigger cuts than necessary. Starting small and building a dedicated following can prove to be more fruitful in the long run.
In this episode, the hosts discuss the ethics of taking money from someone when there's no guarantee of return or a very low chance of success and how this can be problematic for founders who position it as a solid investment opportunity. They also explore how this affects investors and whether this practice is problematic in the startup ecosystem.
My First Million, a podcast about entrepreneurship and making money, believes in building a business that makes money for everyone involved. The podcast provides insights into how to create amazing products that customers will love, which in turn will generate revenue.
In this podcast episode, the speakers discuss the importance of having a reliable supplier for equipment and share advice for building a successful startup, including investing in the right people, focusing on customer needs, and creating a sustainable business model.
In this podcast, the speaker suggests that instead of building a business from scratch or going to business school, buying a small micro business is the most awesome way to go as an entrepreneur. There are many small businesses available for purchase for as low as $5,000.
Finding investors who are aligned with your core values is crucial in building a successful business. It's essential to raise money from sources that don't hinder but empower you.