One thing most start up entrepreneurs have in common….they have no money. The have a great, million dollar idea, but don’t have the knowledge, resources or experience to launch the company, build a team, take a product to market, attract capital, and reach the end goal of successfully creating wealth for themselves and their investors. Many entrepreneurs can learn most of the fundamentals when the enter into a university that has an “entrepreneurship” program as part of their business school. But if you can’t or don’t want to spend 2-3 years and hundreds of thousands of dollars going to college to be an entrepreneur…And you don’t have thousands to spend on consultants to help you and guide you….what is an inspired entrepreneur to do?
Us the 1-10-100 plan. Below is a 10 minute video broken into two part that provides a high level overview of the 1-10-100 plan. Below that is a link to the hour long podcast on the topic that was recently recorded from the Compassionate Capitalist Radio show. The basic idea behind the 1-10-100 plan is if you are serious about learning how to successfully launch and build a multi-million dollar business, and really don’t have any money to invest in your success, you can at a minimum do this:
10 hours a week
$100 budget a month
Commit to a year of having the discipline to spend 10 hours a week reading, watching educational videos and webinars, and attending seminars and networking events. Budget $100 a month to pay for some of the educational materials and to attend events or join specific organizations. In the videos and podcast, Karen Rands goes through a step by step process of where to find free content and where to find useful seminars and meetings to participate in. She also covers how to budget the $100 a month and the 10 hours a week to accomplish a specific goal. At the end of the year, you will have gained the knowledge necessary to know what needs to be done, confidence to meet with investors and gain their confidence, and the skills to build a quality team that will help you execute your fully developed business plan.
1-10-100 Plan for Entrepreneurs Video Part 1
1-10-100 Plan for Entrepreneurs Video Part 2
OPTIN for free Investor Tips at the box on this site or at LAUNCHfn.com website
Podcast Session on the 1-10-100 Plan for Entrepreneurs seeking to start a business, find angel investors, and build a successful early stage company worth of venture capital.