11. What kind of business should you start?
– What are you passionate about?
– What experience do you have?
– How much money do you have?
– How much money can you raise?
– How likely is your business to succeed?
Gates (so<ware), Dell (resale) and Cuban
(service) started businesses that
generated posi,ve cash from the start,
they did not need much (if any) outside
investment.
14. RP Valet
RP Payervand
‐ BeSer parking
‐ $7B market
‐ Part‐@me un@l launch
‐ VERY Profitable
15. Architel
ScoP Ryan
‐ BeSer IT services
‐ $3.2‐10B market
‐ Part‐@me to launch
‐ Profitable
16. Be Capital Efficient
• Start a business you can build without outside capital.
• Focus on services, soDware or technology.
• Assume you will need to be profitable.
• Start selling immediately.
• Partner prolifically.