Bootstrapping Your First Year | Online
About this workshop
Most startup founders spend a significant amount of their own money to finance their venture’s first-year operating costs. Startup funds end up being sourced from savings accounts, high-interest credit cards, or IOUs. In this class, you’ll create a budget for both your company’s operational needs as well as your personal living expenses. You’ll learn about free resources, products, and services which will save you money as well as how much you’ll need for essential living expenses. Having a roadmap of your expenses ahead will enable you to build and grow your company or organization without a fatal surprise that ends in “game over.”
Takeaways
- Develop a clear roadmap outlining the major steps needed to launch a business and the costs associated.
- Create a draft budget for essential expenditures.
- Understand a methodology for figuring out when you can leave your job to work full-time on your venture.
- Review a list of startup fundraising ideas to minimize using personal funds.
Prereqs & Preparation
Bring a laptop with Excel or access to Google Docs, a calculator, and download Seth Godin’s The Bootstrapper’s Bible.
